rate cut next month a 'done deal', page-27

oh dear, what a massive error in understanding.....
how on earth would the banks be able to pay themselves such huge salaries in the millions, and then report over 6 billion in profits each...

here is the LIBOR , the current rate is about 1.08%

some people are really misinformed, on some subjects, then wonder why, they keep getting the market wrong

http://www.thisismoney.co.uk/money/markets/article-1645325/LIBOR-Latest-inter-bank-lending-rate-charts.html