Re:The digital pound: A new form of money for households and...
by JumpCrisscross on Wednesday February 08, 2023 @10:35AM
(#34709467)
> the interbank interest rate being defined on the fly
Practically all prices are determined on the fly. Libor wasn’t the interbank rate, it was one commercial offering, albeit a powerful one. The Fed Funds rate always was and now SOFR are transactionally derived, which is fundamentally different from Libor, which was never anything more than a survey.
Practically all prices are determined on the fly. Libor wasn’t the interbank rate, it was one commercial offering, albeit a powerful one. The Fed Funds rate always was and now SOFR are transactionally derived, which is fundamentally different from Libor, which was never anything more than a survey.