Bank of England wants less Libor-centric financial world
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Bank of England wants less Libor-centric financial world

LONDON: Interest rates used to price financial contracts worth trillions of dollars globally should in future be based on actual market transactions and not banks judgements, Bank of England Governor Mark Carney said in minutes of a meeting released on Monday. The pricing of financial contracts based on the London Interbank Offered Rate (Libor) led

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