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Oct. 9th, 2008 05:55 pmLibor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen
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The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day.
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The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day.
