Jan 4, 2022
A tainted lending rate is being replaced after 45 years
The London Interbank Offered Rate or Libor was found to have been rigged in favor of and by some of the world's biggest investment banks.
TOLGA AKMEN/AFP via Getty Images
From the BBC World Service: We break down how the London Interbank Offered Rate or Libor, a key lending rate used to calculate everything from your mortgage to credit-card offers, has been overhauled. Plus, while countries including the U.S. have been scaling back self-isolation requirements, several Chinese cities have recently gone into full lockdown. And, the world's biggest oil producers don't seem too concerned about the longer-term impact of COVID-19.
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The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Jay Siebold
Technical Director
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Redmond Carolipio
Digital Producer
Jesson Duller
Media Producer
Brian Allison
Technical Director
