The cost of three-month dollar loans between banks held steady again Thursday as another attempt by the Obama administration to boost confidence in the U.S. economy had little immediate impact on the renewed logjam in the credit markets.
The British Bankers' Association said the rate on three-month loans in dollars _ known as the London Interbank Offered Rate, or Libor _ was unchanged at 1.25 percent for the second day running.
The latest fixing came in the wake of the latest policy initiative from President Barack Obama, who unveiled a $75 billion package of measures to breathe life back into the U.S. housing market, considered by many to be the main …
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