Libor's long goodbye
Behind the Money
Introduction
There's been a looming deadline hanging over financial markets that's coming to an end this summer. The deadline has to do with shifting away from the notorious benchmark rate called LIBOR. It was used for decades to price different kinds of investments, like loans. Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic headwinds? Will the tense geopolitical climate ease or escalate?
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