Wednesday, 24 December 2008

LIBOR after the Federal Reserve cuts

Originally uploaded by manc_ill_kid
Doesn't look like the federal reserve interest rate cut made much of a difference to America's LIBOR rates.

The pound on the other hand, well, that's still drifting downwards with the help of the Bank of England's interest rate cuts.

I for one am a little worried about the ongoing downward drift of the EURO LIBOR rates, its like no one is driving.

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