Banks hid proof of rate of interest rigging

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Banks hid proof of rate of interest rigging

Supported and complemented by printed information, suppressed proof signifies that in October 2008, central banks together with the Bank of England, Banque de France, European Central Bank, Banca d’Italia, Banco de España and the Federal Reserve Bank of New York raised LIBOR and Largely intervened within the setting of Euribor.

With inputs from BBC

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