The Trouble with Libor

Does the widely used measure of borrowing costs truly capture rates banks charge each other?

April 28, 2008

BBA Libor, a rate published every morning at 11 a.m. in London by the British Bankers Association, is probably one of the most widely used benchmarks for loans to corporations and consumers. Now, though, questions have emerged about the veracity of these borrowing costs.

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