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rigibor
’When Latvian interbank rates trade through Euribor
Here’s an interesting datapoint unearthed up by BNP Paribas’ emerging markets deak on Monday.
The Latvian interbank rate — Rigibor — is trading through Euribor for the first time in four years…
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Rigibor: ‘The new’ Libor
Latvia’s lat currency is up on Monday following reports the government staged a major defence of the country’s euro peg last week.
Nevertheless, the country’s interbank rate – known as the Rigibor – continues to soar on nearly a daily basis.