Summary: LIBOR, the London Interbank Offered Rate, has been called “the world’s most important number.” Tim Bowler, President of ICE Benchmark Administration, is responsible for managing ICE LIBOR, along with other benchmarks including the LMBA Gold & Silver Prices. LIBOR’s rates underpin between $200-$300 trillion of financial products & serve as a gauge of market expectation regarding central bank interest rates. How LIBOR will evolve in the months ahead is a focus of daily headlines, & Tim tells us why.
