Euro, dollar 3-mth Libor rates reach record lows

LONDON, Oct 22 (Reuters) - The interbank cost of borrowing
euros and dollars for three months reached record lows on
Thursday, while the equivalent sterling rate edged higher, the
latest daily fixing from the British Bankers' Association
showed.

The spread of three-month Libor over OIS rates for dollars
narrowed 1 basis point to 12 bps, while the euro spread was
unchanged at 25 bps. The sterling spread widened 1 bp to 19 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.

EURO STERLING DOLLAR
O/N 0.28125 (+0.00250) 0.50625 (+0.00125) 0.18500 (-0.00188)
1WK 0.32500 (+0.00375) 0.50938 (+0.00125) 0.22688 (-0.00062)
2WK 0.34000 (+0.00125) 0.50875 (+0.00125) 0.23719 (-0.00031)
1MO 0.39500 (+0.00875) 0.51438 (+0.00125) 0.24375 (+0.00000)
2M0 0.53813 (+0.00250) 0.53750 (+0.00250) 0.25400 (-0.00025)
3MO 0.68813 (-0.00125) 0.59500 (+0.00875) 0.28219 (-0.00125)
6MO 1.00750 (+0.00000) 0.80375 (+0.00750) 0.58188 (-0.00312)
1YR 1.23875 (-0.00125) 1.17375 (+0.01250) 1.23188 (+0.00438)

3MTH LIBOR/OIS SPREAD (BPs)

25 (UNCH) 19 (+1) 12 (-1)

For RICs to the above rates, go to <0#LIBORSUPERRICS>.
(Reporting by Emelia Sithole-Matarise)