Money Market Indicators Signals Banking Sector Stress Stable
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Money-market indicators signaled little change in the ability of banks to borrow and lend short term funds with the gap between the London interbank offered rate and the Federal funds rate held stable.
Three-month London interbank offered rate, or Libor, which represents the rate at which banks say it would cost to borrow from another, was 0.4659 percent, unchanged from yesterday, according to the British Bankers’ Association.