LIBOR: An Enthralling Saga!

3 min read

From creating history to becoming history LIBOR is one of the most important benchmark interest rates at which borrowings take place in the international interbank market for short-term loans. LIBOR is a worldwide accepted benchmark and stands for London Interbank Offered Rate. LIBOR is also the basis for consumer loans in countries around the globe, and thus impacts consumers just like financial institutions. The interest rates on various credit products such as credit cards, car loans, and adjustable-rate mortgages fluctuate based on the LIBOR rate. This change in rate helps determine the ease of borrowing between banks and consumers. As…...

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Devanshee Dave My love for writing developed when I was in school; I used to read a lot and wanted to see my name under published articles, just like the authors I used to read. That fueled the motivation in my early days. I have completed my Master’s degree in Mass Communication & Journalism. I am currently pursuing CFA, which eventually gives my writing a vibrancy and a great mixture of dazzling words and a technical flair. My background includes being a journalist in a local business newspaper to working with start-ups and online media, having finance and economy as my niches.