Banks are willing to cheap credit - news about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Banks are willing to cheap credit - news about real estate, Kiev, Kyiv region. Real Estate In UkraineBanks are willing to lend to colleagues as never cheap - LIBOR was at an all-time low, dropping below 1% per annum.Banks are willing to lend to colleagues as never cheap - LIBOR was at an all-time low, dropping below 1% per annum. Recall that this rate is the basis to calculate the cost of lending in the world.Three-month dollar LIBOR for the first time fell below 1% and was fixed at 0,986%. The previous low - 1% - held since June 2003.LIBOR in euros yesterday amounted to 1.34%, in pounds - 1,43%. "Confidence returns to the markets, and so far everything is going well," said the trader Bank of Ireland Brian Delaney, the question is how it will be stable" (quoted by Bloomberg).Rate in the London interbank market, LIBOR is calculated daily by the British Association of banks on the basis of the quotations of commercial banks. LIBOR determines rates for financial products in the amount of $360 trillion - from mortgages to corporate bonds.In the interbank market crisis began to emerge in August 2007 and in September 2008, after the collapse of Lehman Brothers, LIBOR soared to 4.82%. According to Bloomberg, the loss of financial companies during the crisis reached $1.4 trillion, but due to the $12.8 trillion, allocated or promised to the sector in all programs of the U.S. government, the interbank market has calmed down. "The General trend over LIBOR spreads and all associated with them, promising," said UniCredit analyst Cornelius Perps, - it corresponds to the improvement of the situation on the market, decreasing risk and the banking sector".Spread LIBOR-OIS (shows the difference between the market rate of LIBOR and futures bet on the fed, evidence of the availability of money in the interbank market yesterday fell to 78 basis points (b. p.) - the lowest value since September 1, 2008 For the five pre-crisis years, the average spread value was 26 b. p., and in October 2008 he reached 364 b. p. According to the former Chairman of the Federal reserve system Alan Greenspan, the markets will return to normal when the spread drops to 25 b.



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