Tag Archives | LIBOR

Interest rates start to rise

Last month, I noted the suggestion by leading bankers that interest rates would probably rise by the end of May. The rationale for this view was that the bigger, stronger banks seemed to have got fed up with subsidising the rates being charged via LIBOR (London Inter-Bank Offer Rate) to weaker banks. And sure enough, […]

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Interest rates to rise by the end of May

Headline interest rates are set by central banks. But the ones that we actually pay, as consumers or companies, are set by the banks themselves. And most of these are based on LIBOR – the London Inter-Bank Offer Rate – which is the main benchmark for $347 trillion of borrowing around the world. Now it […]

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