The British Bankers’ Association has announced it is now publishing its key benchmark figure (three-month sterling Libor) on Twitter every afternoon, shortly after it is announced to the financial markets. The figure is seen as one of the key economic indicators of the economy and is also directly related to many bank loans and mortgage interest rates.
The BBA has launched a dedicated website of Libor resources – www.bbalibor.com – for businesses, students and anyone with an interest in how the markets set interest rates for borrowing.
