Central Bankers to Discuss Libor’s Future in September

Central bankers will join Bank of England Governor Mervyn King in September for a meeting on the possible future of the London interbank offered rate, with talks to be followed the next week by discussion among policy makers at the Financial Stability Board.

King suggested the meeting in a letter to his colleagues on the Economic Consultative Committee, an informal body that includes governors from the Bank for International Settlements, the BIS general manager and central bankers from India and Brazil.