Libor Eclipses the Peak It Reached in Wake of Lehman’s Collapse
- Dollar benchmark increases 1.5 basis points to 4.82971%
- The short-term rate is now at the highest level since 2007
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One of the world’s most important short-term lending benchmarks has climbed back to a level last seen before the onset of the global financial crisis in 2008.
The three-month London interbank offered rate for dollars climbed 1.5 basis points on Thursday to 4.82971%, exceeding the peak of 4.81875% it reached in October 2008 when credit markets were in disarray following the shock collapse of Lehman Brothers Holdings Inc. The last time it was higher was in 2007.