RTRS : 3-mth dlr, euro, stg Libor at record lows post-Fed
LONDON, Sept 24 (Reuters) - The interbank cost of borrowing
dollars, euros and sterling for three-months marked new record
lows on Thursday, according to the latest daily fixing from the
British Bankers' Association.
The spread of three-month London interbank offered rates
over OIS rates for euros and dollars was unchanged. The fixings
came after the Federal Reserve on Wednesday left policy rates at
close to zero percent but pledged to leave rates on hold for a
prolonged time. [ID:nN23390829]
The sterling spread widened by one basis point to 26 bps.
The spread expresses the three-month premium paid over
anticipated central bank rates, or Overnight Index Swap rates
and is seen as a gauge of banks' willingness to lend to each
other -- a wider spread is seen as an indication of decreased
inclination to lend.
Below is a table of the London interbank offered rates
(Libor) for dollar, euro and sterling funds in percentage terms,
with the change from the previous session in parentheses.