answersLogoWhite

0


Best Answer
AnswerIts less likely that LIBOR rate will go down in near future. increase in retail sales to .6% from expected .3% as well as inflation indications makes a change in LIBOR rates less likely

LIBOR, the London Interbank Offered Rate is a basis against which reference banks quote a cost of funds from overnight to one year in 10 currencies.

http://en.wikipedia.org/wiki/London_Interbank_Offered_Rate

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will LIBOR rates go up or down in the next 6 months?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are the interest rates of a CD likely to go up in the next few months?

Yes, the interest rates will most likely go up due to the economy


How The Libor Rate Impacts Your Loans?

The libor rate is an interest rate that is established by the leading banks in London, which is one of the major financial capitals of the world, along with Tokyo and New York City. To figure out this average rate, the banks assume that they are borrowing from other banks, and they report what the rate would be for them. They have different rates for different time periods since a one-week loan would not carry the same rates a a one-year loan. They also set it up for many different world currencies, not just the pound. You may think that this does not impact you if you do not live in London or deal with British banks, but the truth is that it can influence other interest rates all around the world. Your credit card may be based off of it. Your bank loan may be based off of it. This is one of the most important bits of financial information in the world, and the rate is announced before noon each day so that the rest of the world can adjust itself accordingly. You should note that your rate will not be the same as the libor rate just because it is based off of it. Everything is relative. If your credit card was charging you three times the libor rate, the card could be adjusted if it moves up or down. This generally only happens over large periods of time. The rate may fluctuate slightly without influencing everything. If there is a significant raise or drop, though, you can be sure that other rates will then move in the following days, weeks, or months. To save money, try to get locked into a loan while the libor rate is very favorable. Some companies will tell you that the rate is never going to change during the life of the loan, and they are obligated to stand by this decision. Even if the libor rate jumps up the next day, they cannot break their word. You can then go on saving for years to come. You just need to track the rates to see when they are favorable.


How have car loan rates changed over the last three months?

Due to the current economic situation in the United States lenders are raising interest rates, demanding higher downpayments, putting greater restrictions on zero percent financing, and implementing tougher credit requirements to get a loan. If the situation does not improve I will hate to see what the next 3 months brings.


What are the trimester of pregnancy?

there is 3 trimesters. the first is the first 3 months the next is the next 3 months and the last one is the last 3 months.


When is the next arceus event in 2012?

in the next few months


Where do experts expect mortgage rates to be next year?

Experts predict that mortgage rates will rise in the next year. Some experts predict they will rise as high as eight percent.


What are your long term goals for the next few months?

Long term goals?? next few months?? which is it?? Long term or next few months ?? A long term goal may be to steadily strive for success and over the next few months I would hope to have a better plan on how to achieve success.


Will Apple put out a new ipad Air in the next six months?

Apple has not yet announced if there will be a new iPad in the next six months.


Where is the next Pretty Ricky concert?

In the next 3 or 2 months I think.


Are commercial loan rates dropping or staying steady>?

Commercial loan rates are dropping as the economy starts to slowly improve. Rates will start to go up within the next year.


How long do I have to work or after next Fusion?

You are supposed to work for three months after the next fusion.


From September 1 of one year to June1of the next year is how many months?

9 months