Libor is the london interbank offered rate. It's used to price a whole host of financial contracts, including loans. Libor has been tainted by scandal and many countries are moving away from it. All new financial products will need to be priced based on a new bench mark. The most likely candidate seems to be soper or, secured overnight financing rate.
Happy new year folks and we are back after our Christmas break.
In today's episode for 3rd January 2022, we talk about LIBOR and why countries are moving away from it