Today's LIBOR Rates
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
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Key LIBOR Rates Higher |
February 18, 2010
According to Reuters, LIBOR rates moved higher for the US Dollar and the British Pound Sterling. LIBOR for the Euro remained unchanged. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
At press time, LIBOR for the key currencies:
- Three-Month US Dollar LIBOR: 0.25125%
- Three-Month Sterling LIBOR: 0.64188%
- Three Month Euro LIBOR: 0.60250%
Media accounts linked Sterling LIBOR’s rise to signals from the Bank of the England that it would not continue its Quantitative Easing (QE) liquidity program. As LIBORATED.com has reported, financial institutions have enjoyed central banks’ activist policies of lowered interest rates and cash infusions to bolster economies. Lower LIBOR rates have been the manifestation of this approval. As global economies show signs of improvement, central bank interventions are likely to ease.