金融危機

Too early to say that the worst is over

The financial markets reached a significant milestone yesterday as a key interbank lending rate fell to a record low.

It is one of the most promising signs to date that suggests the worst of the global financial crisis may be over.

The fall in three-month dollar London interbank rates to below 1 per cent for the first time since the indicator was created in the 1980s comes amid growing signs of confidence elsewhere, most notably among equity investors.

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