Today's LIBOR Rates
1 M |
0.31563 |
 |
3 M |
0.47500 |
|
6 M |
0.68794 |
|
1 YR |
1.06438 |
|
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Central Banks Affect Key LIBOR Rates |
December 3, 2009
Reuters reports key LIBOR rates—Yen, Australian Dollar, and Euro—have all recently hinged on the actions of the currencies’ respective central banks. LIBOR stands for London Interbank Offered Rate and is a filtered average of rates that banks charge each other for unsecured, short-term loans.
Yen LIBOR continued its downward movement after the Bank of Japan announced a liquidity program to inject additional cash into the Japanese financial system. At press time, Three-Month Yen LIBOR reached 0.29000%, a three-year low. At the same time, Three-Month LIBOR for the Australian Dollar reached a 10-month high, edging above 4% when the Reserve Bank of Australia again raised its key cash rate. Euro LIBOR remains poised for a definitive move upon the European Central Bank’s (ECB) Thursday announcement on scaling back its activist policies to support the economy, namely liquidity programs. At press time, Three-Month Euro LIBOR was slightly lower at 0.68000%.