The cost of loans between banks fell in the U.S. and across Europe as investors digested last week's big interest rate cuts from the European Central Bank and the Bank of England.
The interbank lending rate on three-month loans in dollars _ known as the London Interbank Offered Rate, or Libor _ fell nearly 0.03 percentage points to just over 2.16 percent, according to the British Bankers' Association.
Meanwhile, the rate for three-month loans in euros _ known as the European Interbank Offered Rate, or Euribor _ decreased just under 0.08 percentage points to 3.42 percent, while the equivalent rate for pounds fell over 0.03 percentage points to around 3.28 …
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