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IS THE RESERVE BANK OF AUSTRALIA INVOLVED IN THE ECONOMICS OF ‘INNOCENT’ FRAUD OF LIBOR TOO???

From the Reserve Bank of Australia Website, it says:

Interest Rate Decisions – 2012

The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting. (Prior to November 2007, media releases were issued only when the cash rate target was changed.)

From the LIBOR Website, it says:

What is Australian dollar LIBOR?
The London Interbank Offered Rate (LIBOR) is an interest rate based on the average interest rates at which a large number of international banks in London lend money to one another. The official LIBOR rates are calculated on a daily basis and made public at 11:00 (London Time) by the British Bankers’ Association (BBA). We publish the LIBOR rates later the same day (we are not allowed to publish realtime LIBOR rates).

The daily reported interest rates are the mean of the middle values. The rates are a benchmark rather than a tradable rate, the actual rate at which banks will lend to one another continues to vary throughout the day. The LIBOR rates come in differtent maturities (overnight, 1 and 2 weeks and 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 months) and different currencies (the euro, US dollar, British pound sterling, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, Swedish krona, Danish krone and New Zealand dollar). On this page we show the Australian dollar LIBOR rates. The Australian dollar LIBOR rates can be considered as the interbank cost of borrowing funds in Australian dollars.

The LIBOR interest rates are being used as a reference rate for a lot of financial products, for example derivatives like swaps. A lot of banks use the LIBOR interest rates also to determine their rates on products like mortgages, savings accounts and loans.

Australian dollar LIBOR 07-12-2012 07-11-2012 07-10-2012 07-09-2012 07-06-2012
AUD LIBOR overnight 3.67000 % 3.67200 % 3.67200 % 3.67400 % 3.67600 %
AUD LIBOR 1 week 3.70600 % 3.70800 % 3.70800 % 3.70800 % 3.70800 %
AUD LIBOR 2 weeks 3.74400 % 3.74600 % 3.74600 % 3.74600 % 3.74600 %
AUD LIBOR 1 month 3.80800 % 3.80800 % 3.80800 % 3.80600 % 3.80200 %
AUD LIBOR 2 months 3.87200 % 3.87600 % 3.87600 % 3.87400 % 3.87200 %
AUD LIBOR 3 months 3.98600 % 3.99800 % 3.99200 % 3.99400 % 3.99200 %
AUD LIBOR 4 months 4.08800 % 4.09800 % 4.09200 % 4.09400 % 4.09200 %
AUD LIBOR 5 months 4.17800 % 4.19000 % 4.18400 % 4.18600 % 4.18600 %
AUD LIBOR 6 months 4.23200 % 4.24400 % 4.23800 % 4.24000 % 4.24000 %
AUD LIBOR 7 months 4.27200 % 4.28400 % 4.27800 % 4.27400 % 4.27800 %
AUD LIBOR 8 months 4.31600 % 4.32800 % 4.32200 % 4.32000 % 4.32200 %
AUD LIBOR 9 months 4.36600 % 4.37800 % 4.37200 % 4.37000 % 4.37200 %
AUD LIBOR 10 months 4.42600 % 4.43600 % 4.43000 % 4.42600 % 4.42800 %
AUD LIBOR 11 months 4.48800 % 4.49800 % 4.49200 % 4.48800 % 4.49200 %
AUD LIBOR 12 months 4.54800 % 4.56200 % 4.55800 % 4.55200 % 4.55600 %

Current Australian dollar LIBOR interest rates:
In the following table we show the current Australian dollar LIBOR interest rates (daily updated).

Now the BIG QUESTION: IS THE RESERVE BANK OF AUSTRALIA INVOLVED IN THE ECONOMICS OF ‘INNOCENT’ FRAUD OF LIBOR TOO???

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Discussion

2 thoughts on “IS THE RESERVE BANK OF AUSTRALIA INVOLVED IN THE ECONOMICS OF ‘INNOCENT’ FRAUD OF LIBOR TOO???

  1. Why this news haven’t surprised me much, Banking Systems , Governments , Religions and Royalty- Crown ( Kingdom of one man or a woman) . I have one question for each human on this planet. What is any of this Institutions or their representatives doing for humanity of the world . Inst it true that they only take from us?? do you agree that we are enslaved ??? Cant people wake up to this, truth and stop supporting these Global Elites and Cooperation’s that are costing people like you and me trillions of $$$ for they own selfish benefits. Mind you people Australia is no better, then the rest of the corrupt world (copy of UK and US ) . Light is wining over the dark and their days are numbered.. Much Love and Light to all souls true this great shift and overhaul in humanity history. This are times when history will be re- written, History we been teached is either incomplete or untrue, in fact everything we been taught about life or God is lie, people wake up and may this shift lead us in to Golden Times. My Brothers and Sisters empower your self’s this is our time dont give your power and your birth right away.Raza Hasanovic

    Posted by Raza Hasanovic | July 14, 2012, 12:17 am
    • Dear Raza, wonderful writing and thoughts. Thank you and yes, we are all empowering ourselves in many ways, even just a crack of light into the soul is a very good movement towards more awakening, for individual and Gaia as a whole. Thank you again.

      Posted by nesaraaustralia | July 14, 2012, 8:19 am

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