Today's LIBOR Rates
1 M |
0.25781 |
 |
3 M |
0.29281 |
|
6 M |
0.49363 |
|
1 YR |
0.83488 |
|
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3-Month Dollar LIBOR Drops |
October 15, 2009
According to The Wall Street Journal, 3-Month Dollar LIBOR has dropped after five days of stasis with the movement linked to statements from the Federal Reserve. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
Per the Journal’s account, 3-Month Dollar LIBOR dropped after “dovish” Fed comments confirming the continuance of a loose money policy. Lower LIBOR rates indicate increased bank confidence in the markets, and banks have approved of aggressive central bank policies to bolster the economy and promote liquidity. At press time, 3-Month LIBOR was 0.28406%. Concurrently, 3-Month Euro LIBOR hit a record low of 0.69063% and 3-Month Sterling LIBOR edged up to 0.56563%