Libor for Three-Month Dollar Loans Snaps 13 Days of Increases

Libor for Three-Month Dollar Loans Snaps 13 Days of Increases
The rate banks say they pay to borrow in dollars for three months declined for the first time in 14 days, British Bankers’ Association data showed. The London interbank offered rate, or Libor, for such loans fell to 0.536 percent today, from 0.538 percent yesterday, the BBA said. It was the first drop since May 10.