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Three-Month Euro Libor May Rise to 0.713%, Credit Agricole Says

July 1 (Bloomberg) -- 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 climb to 0.713 percent, said Peter Chatwell, a fixed-income strategist in London. The rate was 0.706 percent yesterday, data from the British Bankers’ Association showed.

Libor for three-month dollars may stay at 0.534 percent, Chatwell said.

The euro interbank offered rate, or Euribor, for three-month loans may slip to 0.764 percent, he said. The rate was 0.767 percent yesterday, according to the European Banking Federation.

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

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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