Ez Bank to Bank Lending Rates Hit 23 Month Lows ahead of ECB Meeting

Ez Bank to Bank Lending Rates Hit 23 Month Lows ahead of ECB Meeting




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Three-month Euribor rates fell to hit 0.704 pct from 0.708 percent - the lowest since June 2010.
Six-month rates fell below 1 pct to 0.992 pct from 0.998 pct and 12-month rates dropped to 1.303 pct from 1.311 pct.
Shorter-term one-week rates continued to bump around all-time lows.
The rate inched down to 0.316 pct from 0.317 pct. Overnight rates fell to 0.344 percent from to 0.346 percent.
Despite the sharp fall in interbank rates over the last few months, the benchmark euro-priced three-month rate remains above the euro-era low of 0.634 pct hit in early 2010.
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