Are Libor spreads near the new normal?

In recent weeks talk of green shoots has dominated the financial pages. And many commentators have cited the fall in the three-month London Interbank Offered Rates (Libor) for loans as a sign that a recovery is now blossoming.

Libor, calculated by the British Bankers' Association each morning based on feedback from some of the City of London's trading desks, measures the rates at which several of the major banks think that they could borrow unsecured over 15 maturities in ten currencies.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account