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.

inter-bank rates climb to nine-year high

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!

Posted by planning4acrash @ 01:10 AM (370 views)
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