More formal plans as used for business and military purposes, while initially created with and as an abstract thought, are likely to be written down, drawn up or otherwise stored in a form that is accessible to multiple people across time and space. This allows more reliable collaboration in the execution of the plan.
Key ECB interest rates. The Governing Council of the ECB sets the key interest rates for the euro area: The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system.
The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. It is usually abbreviated to Libor (/ Ë l aÉª b ÉËr /) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).