Richard Leong and Dan Burns, Reuters

U.S. LIBOR breaks above 1% for first time since 2009

January 4, 2017

The rate banks charge each other to borrow dollars for three months rose above 1 % on Wednesday for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.

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Richard Leong and Dan Burns, Reuters

U.S. LIBOR breaks above 1% for first time since 2009