The three-month dollar London interbank offered rate saw its biggest one-day increase since August 9 last year, the day in which the global credit crisis erupted.
Three-month euro Libor eased slightly, although it had risen sharply on Friday, a day after European Central Bank President Jean-Claude Trichet said a small rate hike as soon as July was possible in order to anchor inflation expectations.
The premium paid for borrowing three-month euro and dollar funds in the interbank market over anticipated central bank rates over the same period, or Overnight Index Swap rates -- eased slightly, while the sterling spread widened.
The study takes into account premium office rents of Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM)
Business2 days ago