Thursday, May 15, 2008
Libor going up again
ThisIsMoney: Credit crunch fears as libor jumps
Libor - the interest rate at which banks lend to each other - rose from 5.70% to 5.84% as banks reacted to yesterday's grim quarterly Inflation Report from the Bank of England, which all but ruled out further cuts in interest rates.
Posted by flamepoint23 @ 06:34 PM (274 views) Add Comment
1 Comment
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1. icarus said...
The 3-month £ Libor rate rose from just under 5.8 earlier this week/late last week to 5.84 today. Not sure where he gets the 5.70 figure from.