Further easing of rates the first ray of hope for the credit markets?

The key three-month Sterling BBA LIBOR rate has dropped again, from 6.90250 to 6.88000.

This turnaround in the sterling market is following behind the US Dollar and Euro markets, which have been dropping since hitting peaks last week.

British Bankers' Association Chief Executive Angela Knight CBE said: "We hope this is the first indication that the credit markets are finally beginning to ease."

Sterling BBA LIBOR rates for Thursday 13th September"

• Overnight: 5.87375
• Three–month: 6.88000
• Twelve–month: 6.59500

Key facts about BBA LIBOR

1. What is BBA LIBOR?

The British Bankers' Association London Interbank Offered Rate closely reflects the real rates of interest being used by the world’s big financialinstitutions.

For further information, please contact:
Press office (020 7216 8989 )
Press Office (Out of hours contact) (020 7216 8888 )

Notes to Editors:

This briefing is part of an occasional series offered to journalists while the current market volatility continues.

The BBA permits the use of the logo for BBA LIBOR in appropriate circumstances, including media reports. You can download a copy of the logo from the BBA website frpm the external link below.

Daily BBA LIBOR rates are published by Reuters and are available also through Thomson Financial, Telekurs, Bloomberg, Infotec, IDC, Quick, Class Editori, Proquote and other information providers.

Historic BBA LIBOR rates are available from the link below.

Related Links

Historic BBA LIBOR rates (Internal Link)
BBA LIBOR Logo (External Link)

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