Wednesday, April 25, 2012

Euribor rates fall under weight of ECB cash

FRANKFURT, April 25 (Reuters) - Key euro zone bank-to-bank
lending rates reached new 22-month lows on Wednesday, weighed
down by the record amount of cash the European Central Bank has
pumped into financial markets since late last year.
The ECB, which left official euro zone interest rates at 1.0
percent earlier this month (click ), has poured
over 1 trillion euros of ultra-cheap, 3-year funding into the
banking system since the end of December, driving interbank
rates to half of what the

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