The secret recording implicating the Bank of England in Libor rigging
12 Apr 2017

A secret recording that implicates the Bank of England in Libor rigging has been uncovered by the BBC.

The 2008 recording adds to evidence the central bank repeatedly pressured commercial banks during the financial crisis to push their Libor rates down.

Libor is the rate at which banks lend to each other, setting a benchmark for mortgages and loans.

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