Overnight Money-Market Rate for Dollars Jumps Most Since June

By Justin Carrigan

Sept. 15 (Bloomberg) -- The cost of borrowing in dollars overnight jumped the most since June, according to the British Bankers' Association.

The London interbank offered rate, or Libor, increased 96 basis points to 3.11 percent, the BBA said today. The three- month rate was little changed at 2.82 percent.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net