WSJ:Key Dollar Borrowing Rates Fall, Euro Rates Rise, Sterling Unchanged
By Gary Stride
The cost of borrowing dollars for three months in the London interbank market fell Monday, while the cost of borrowing euros rose and the cost of borrowing sterling was unchanged.
Data from the IntercontinentalExchange Group (ICE) showed the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.23060% from 0.23335% on Friday.
The cost of borrowing euros rose to 0.28143% from 0.27643%, while the cost of borrowing sterling was unchanged from Friday at 0.52219%.
