Libor plunge: can the cost of borrowing get even lower for corporate treasurers?
The London Interbank Offered Rate has registered its biggest one-day drop in more than a decade. For borrowers it’s a bonanza, but for lenders?
The world’s most important short-term interest rate registered its biggest one-day fall in more than a decade yesterday as the markets responded to signals the US Fed plans to cut borrowing costs even further in the wake of the coronavirus.
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