The interbank cost of borrowing dollars, euros and sterling for three-months hit record lows on Friday, according to the latest daily fixing from the British Bankers' Association. The spread of three-month London interbank offered rates over OIS rates for dollars was unchanged, while the equivalent sterling and euro spreads inched tighter. 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.

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