Interbank rates plummet as year-end passes

Pressure on the banking industry eased on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to alleviate some of the money market tension have helped the industry.

London interbank offered rates (Libor), a measure of banks' borrowing costs, plunged, with the drop in one-month sterling borrowing costs, from 5.95% on Monday to 5.75%, the steepest in just

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: