Thursday, March 27, 2008

Billions Injected with No effect – Libor rate still rising!

LIBOR ouch!

Three-month sterling LIBOR, the interest rate off which our mortgages and most other loans are priced, has risen to 6%, its highest level since December 28. It shows that banks are still hoarding cash, still refusing to lend to each other, because of their concern that money is perilously tight for all banks.

Posted by fools paradise @ 01:50 PM (600 views)
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