Saturday, Jun 14, 2008
The fuel for the boom has run out
FinancialAdvice.co.uk: LIBOR Rate Hit Three Month High
It seems as though speculation that the next interest rate move in the UK will be higher is starting to feed through to the money markets. LIBOR, which is the rate at which banks lend money to each other, hit a three month high of 5.95% today as many dealers reluctantly agreed that UK interest rates are set to rise in the short term.
Posted by quiet guy @ 08:46 AM (278 views) Add Comment
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