Overnight dollar rates doubled in the interbank market while the rate paid by the American government for three-month money fell to its lowest in more than 50 years.

美元隔夜同业拆借利率翻番，而三个月美国国库券利率则跌至50多年来的最低点。

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The London Interbank Offered Rate, or Libor, for three-month loans in dollars fell nearly 0.03 percentage points to just over 2.16 percent, according to the British Bankers' Association.

伦敦同业拆放利率，或称Libor，三个月美元贷款下跌近0.03个百分点，刚刚高于百分之2.16 ，根据英国银行家协会的消息。

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But the three-month interbank rate soared, reaching 6% by the end of March, and credit conditions have accordingly tightened despite the lower base rate.

虽然基本利率很低，但由于3月期银行间利率急剧增加，到3月底时已达6%，从而使得信贷相应趋紧。

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On Monday morning, Hong Kong's three-month interbank rate moved to a new 2008 high of 3.85%, according to TradeTheNews.com.

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But the three-month interbank rate soared, reaching 6% by the end of March, and credit conditions have accordingly tightened despite the lower base rate.

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Comparing variable-rate loans can be tricky because some private student lenders tie rates to the prime rate while others use the one-month or three-month London interbank offered rate, or Libor.

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