What's Hot

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • Global Economics
    • Crypto
    • Stockmarket Watch
    • Investment Ideas
    What the FinanceWhat the Finance
    Home»Global Economics»Libor Shows Signs of Recovery
    Global Economics

    Libor Shows Signs of Recovery

    The What GirlBy The What GirlOctober 16, 2008Updated:February 22, 20233 Comments2 Mins Read
    LIBOR
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The three-month dollar LIBOR fell 5 basis points to 4.5 percent today versus 4.55 percent yesterday, according to the British Banker’s Association. Leaders report positively that sentiment seems to be changing. Is it, really? LIBOR is so very popular as it is also the benchmark that sets the interest rate on most loans and mortgages.

    libor

    The London Interbank Offered Rate or LIBOR is a benchmark that shows the interest rates that banks charge each other to borrow (lend) money, plus a premium for risk compensation.

    The global credit crisis pushed LIBOR rates at extreme highs, as banks literally stopped lending to each other amid fears of insolvency. Despite the government intervention and the billions of cash pumped into the financial industry globally, confidence is not yet restored, but at least “and at last“ LIBOR rates reacted and are moving in the correct direction.

    The drop came as a result of the coordinated decision of central banks, including Bank of England, the European Central Bank, and the Swiss National Bank, to offer lenders unlimited access to cash. It might sound crazy and maybe even unrealistic, but having no other option in hand central banks are trying to unlock the credit markets.

    With no availability of credit in the markets, lending will freeze both for consumers and businesses alike. Growth will become another word in the dictionary, and unemployment will rise and rise, as business default or dramatically cut costs down to survive in a semi-dormant world economy. And that’s scary!

    Author Profile

    dadff7b1a7f33524d7aa069a4c17433d?s=100&d=mm&r=g
    The What Girl
    I am a financial services writer with experience in forex trading and stock market analysis.
    Latest entries
    • financial pages help pick stocksInvestment Ideas2013.08.14Stockmarket Shares: Tips for Beginners
    • pressure sellingNewsWire2013.08.07New consumer protection laws target pressure sellers
    • housing priceBest Deals2013.07.25Price rises spell trouble for UK’s crowded housing market
    • welbyNewsWire2013.07.01Money lenders welcomed into temple as Church of England plans credit union
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleIcelandic Stock Market Collapse
    Next Article General Motors is Looking for Partner

    Related Posts

    Investment Opportunities Abound in Egypt

    February 6, 2023

    Meeting the World’s Growing Energy Needs with Renewables

    June 16, 2014

    Is the Eurozone debt crisis really over?

    June 17, 2013
    View 3 Comments

    3 Comments

    1. Ray The Money Man on October 18, 2008 6:13 am

      The Libor is a great indicator. The 3 Month T-Bill and the 2 Year Swap Spread are 2 more. Things are getting better, but we still need to test the bottom.

    2. Latesha Dekok on September 9, 2011 9:45 pm

      Hey There. I found your blog using msn. This is an extremely well written article. I’ll make sure to bookmark it and come back to read more of your useful info. Thanks for the post.

    3. Paul Morenion on March 11, 2017 2:34 pm

      Hi, I desire to subscribe for this web site to obtain the latest updates,
      so where can i do it please help out.

    Leave A Reply

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Categories
    • Best Deals
    • Crypto
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • what the finance on GM, Chrysler Struggling to Survive
    • Larry Miles Jnr on Loans & Credit Cards – Traps to Avoid
    • Doreen on Trading Ban for Societe Generale
    • Briam F on General Motors Bankruptcy Facts
    • Priansa on Pret a Manger – Best Deal of the month!
    Also Check Out

    Lowe’s: When Sales Go Down, our Share Price Goes Up!

    February 27, 2008

    Who Benefits From The UK Recession

    July 14, 2008

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    What the Celsius Bankruptcy Says About the Crypto & Defi Industries

    February 23, 2023

    Investment Opportunities Abound in Egypt

    February 6, 2023

    5 Crypto & Finance Podcasts For 2023

    February 2, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Twitter LinkedIn
    • Home
    • Buy Now
    © 2007 - 2023 | What The Finance blog

    Type above and press Enter to search. Press Esc to cancel.