The rate at which London-based banks say they can borrow for three months in dollars fell for a ninth day, reaching its lowest in a month.
The London interbank offered rate, or Libor, for three- month dollar loans dropped to 0.5612 percent from 0.5623 percent yesterday, according to data from the British Bankers’ Association. That’s the lowest level since Dec. 15 and the longest run of daily declines since May 13, Bloomberg data show.
Barclays Plc submitted the highest rate today among the contributing panel of 18 lenders, at 0.61 percent, unchanged from yesterday. HSBC Holdings Plc posted the lowest, at 0.305 percent, down from 0.31 percent.
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