Saturday , 25 January 2020

U.S. LIBOR Hits 8 Year High (video)

As global interest rates extend their climb on expectations of accelerating growth and inflation, the rate banks charge each other to borrow dollars for three months rose above 1 percent on Wednesday for the first time since May 2009.

The London interbank offered rate, or LIBOR, for three-month dollars was fixed at 1.00511 percent. It is the highest level since 1.00688 percent on May 1, 2009.
Anticipating that a Republican-controlled White House and Congress would slash taxes, implement infrastructure spending and loosen regulations, investors upgraded their outlook on business activity following Donald Trump’s victory in the U.S. presidential election.

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