Euro, stg Libor rates up after central bank decisions
LONDON, Nov 6 (Reuters) - The interbank cost of borrowing euros and sterling for three-months inched higher on Friday -- the day after the European Central Bank and the Bank of England announced their latest policy decisions -- 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 rose, but narrowed for sterling.
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 0.28250 (+0.00125) 0.50500 (+0.00062) 0.17713 (-0.00125) 1WK 0.34250 (+0.00125) 0.51063 (+0.00125) 0.21688 (-0.00312) 2WK 0.35500 (+0.00125) 0.51000 (+0.00125) 0.22875 (-0.00250) 1MO 0.39625 (+0.00250) 0.51563 (+0.00250) 0.24156 (+0.00000) 2M0 0.53000 (+0.00125) 0.54375 (+0.00250) 0.25313 (+0.00000) 3MO 0.67625 (+0.00125) 0.60875 (+0.00625) 0.27406 (-0.00125) 6MO 0.98750 (+0.00125) 0.83000 (+0.00625) 0.55000 (-0.00400) 1YR 1.22250 (+0.00250) 1.19563 (+0.00625) 1.16125 (-0.00875)
3MTH LIBOR/OIS SPREAD (BPs)
25 (+2) 20 (-3) 13 (UNCH)
For RICs to the above rates, go to <0#LIBORSUPERRICS>.
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