Three-Month Euro Libor May Rise to 0.735% Today, Credit Agricole Forecasts

The rate banks say they pay for three-month loans in euros may rise today, according to Credit Agricole Corporate & Investment Bank.

The London interbank offered rate, or Libor, for such loans may increase to 0.735 percent, said David Keeble, head of fixed- income strategy in London. The rate was 0.731 percent yesterday, data from the British Bankers’ Association showed.

Libor for three-month dollars may slip to 0.53 percent from 0.531 percent, Keeble said.

The euro interbank offered rate, or Euribor, for three- month loans may rise to 0.798 percent, he said. The rate was 0.793 percent yesterday, according to the European Banking Federation.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

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