LONDON, Aug 18 (Reuters) - The interbank cost of borrowing three-month dollar and sterling funds fell to record lows on Tuesday but equivalent euro rate edged up, according to the latest daily fixing from the British Bankers' Association.
The spreads of three-month London interbank offered rates over OIS rates for all three currencies narrowed slightly.
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 0.27000 (+0.00250) 0.52750 (-0.00375) 0.23500 (-0.00250) 1WK 0.31875 (-0.00375) 0.54000 (+0.00000) 0.25625 (-0.00375) 2WK 0.34875 (+0.00000) 0.54188 (+0.00000) 0.26750 (-0.00375) 1MO 0.46375 (-0.00375) 0.55000 (-0.00125) 0.27250 (-0.00625) 2M0 0.66625 (+0.00187) 0.61000 (-0.00250) 0.30688 (-0.00812) 3MO 0.83438 (+0.00125) 0.75125 (-0.00625) 0.42500 (-0.00625) 6MO 1.10188 (+0.00313) 0.96250 (-0.01125) 0.82500 (-0.00625) 1YR 1.32500 (+0.00375) 1.27625 (-0.00875) 1.39000 (+0.00125)
3MTH LIBOR/OIS SPREAD (BPs)
43 39 25
For RICs to the above rates, go to <0#LIBORSUPERRICS>.
(Reporting by Emelia Sithole-Matarise)
Our Standards: The Thomson Reuters Trust Principles.