Dollar LIBOR falls to lowest since March 2018
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FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo
NEW YORK (Reuters) - A measure on what banks charge each other for three-month dollars fell to its lowest in about 1-1/2 years on Wednesday, suggesting some stabilization in money markets after last week's turmoil.
The London interbank offered rate (LIBOR) for three-month dollars
LIBOR is a rate benchmark for $200 trillion worth of dollar-denominated financial products, mainly interest rate swaps and floating-rate loans.
(Reporting by Richard Leong; Editing by Andrew Heavens)
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