Tag: interest

April 28, 2017 admin123@ No comments exist

  LIBOR  London Interbank Offered Rate The world’s most important no.  Sets interest rates globally.  Changes daily. Based on estimates from a group of banks worldwide, of the lowest rate at which they can borrow. Started 1969 – for the 1st time, London banker, Minos Zombanakis, got a GROUP of banks to lend $80m at a…