WSJ:Key US Dollar Libor Unchanged, Euro Rate Falls
LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market was unchanged Thursday, while the euro rate fell.
The corresponding sterling rate rose.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.58250%, the same rate as Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was also unchanged at 50 basis points.
Sterling borrowing costs for three months rose to 1.08584% from 1.08525%, while the euro rate fell to 1.24071% from 1.25714% on Wednesday.
-By Tommy Stubbington, Dow Jones Newswires, 44 20 7842 9268;
