Dollar Libor and Euribor remain at high levels

The dollar London Interbank Offered Rate, or Libor at which banks lend to each other remained at high levels despite the injection of billions of money by Central Banks in the form of liquidity and the announcement of multiple bailout plans by various governments.
Three-month dollar Libor was fixed at 4.7525% by the British Bankers Association at the Monday fix, basically unchanged from Friday’s levels, while three-month euro borrowing costs also remained at the exceptionally high level of 5.29875%, showing a slight correction lower.
Six month dollar Libor was fixed at 4.37625% while six-month euro borrowing rates were fixed in London at 5.35125%. US markets are closed Monday for a holiday.