Tuesday, September 11, 2007
Three-month sterling Libor rates, the benchmark borrowing rate, rose slightly to 6.98625 per cent — the highest rate since November 1998, the British Bankers’ Association said.
Oh dear, growth may fall to 2%, I honestly couldn't give a t*ss given that the growth is not benefiting me directly and my costs are going up at and above the 4 and something % RPI. Just when will Libor rates reach those not seen since the last crash, 1988-92?! Taken into context, houseprices were about 80k last time LIBOR rates were this unfavourable, boomshakala!