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BY THE NUMBERS.(International Edition)(interbank lending rates)(Brief article)
The credit crunch is so tight, banks are no longer lending even to one another. The most striking sign of collective mistrust: key interbank lending rates are spiking all over the world. The numbers, from RGE Monitor:
32 Percentage increase in three-month LIBOR (London interbank lending rates) since January. Now at 4.1%.
61 Percentage increase in three-month HIBOR (Hong Kong interbank lending rates) since January. Now at 3.8%.
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