BGN Entrepreneur

Economists called the end of the credit crunch this week as the short-term interest rate that banks charge to borrow from each other fell to a record low on dollar, euro and pound-denominated loans.
The continuing decline in the London interbank offered rate signalled a return to normality for the credit markets for the first time ever since May 2007. It indicates that the banks are well capitalised, with no more surprises. The improvements in the American, European and British credit markets marks a return to normal territory and gives people hope that the banking system is functioning again and people can now go about the job or running the broader economy. People can cope with anything that comes now.

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