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News Link • Economy - International

Libor Costs Soar as Banks Seek Funds Over Quarter-End


1 Comments in Response to

Comment by Powell Gammill
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First I figured it was a typo. Then I was excited that I was going to learn a new word. Then I found out it was an acronym, which means it should have been capitalized. I expect too much from the media who constantly serves me Nato instead of NATO and Libor instead of LIBOR.

Oh, LIBOR = London Interbank Offered Rate, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). [Wikipedia]

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