Today's LIBOR Rates
1 M |
0.25781 |
 |
3 M |
0.29281 |
|
6 M |
0.49363 |
|
1 YR |
0.83488 |
|
FREE Newsletter
Recommended Links
 |
Sterling LIBOR Rises |
October 17, 2009
Reuters reports that 3-Month Sterling LIBOR has risen as investors await remarks from the Bank of England. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
LIBORATED.com has regularly reported on the effect that central bank actions and statements have on LIBOR rates in various currencies. Recent remarks by America’s Federal Reserve indicating a continued loose money policy contributed to 3-Month Dollar LIBOR’s new decline. The Bank of England will reveal its latest policy intentions when it publishes its minutes next week.
Reuters cited one expert’s opinion that weakness in the Pound Sterling may inhibit The Bank of England’s desire to maintain its liquidity infusion—the QE, or Quantitative Easing, program—at recent levels. Financial institutions around the world have applauded central banks’ aggressive efforts to bolster economy and pump money into the system. They have expressed this approval in lower interbank lending rates manifested in lower LIBOR.