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 Edge Upward |
February 23, 2010
According to Reuters, LIBOR rates for the US Dollar and the Euro edged upwards as central banks for the respective currencies signaled easing of liquidity programs. 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, the LIBOR rates were:
- Three-Month US Dollar LIBOR, 0.25219%
- Three-Month Euro LIBOR, 0.60625%
Recently, the Federal Reserve in the United States raised its discount rate as a first move toward rolling back its activist programs to bolster the American economy. On March 4, the European Central Bank will announce its plans to ease its emergency lending program which pumped additional liquidity into Europe’s economy. As LIBORATED.com has reported, financial institutions have approved of such central bank interventions, evidenced in lower interbank lending rates which have led to lower LIBOR rates.