EURIBOR

The fall in inter-bank lending rates continues: the three-month Euribor, on which rates of interest for mortgage loans are based, has fallen below 2 pct, its lowest since April 2004. The three-month rate has fallen to 1.989. The one-week Euribor has fallen to 1.382 pct, well below the 2 pct set by the ECB. The six-month rate is also sliding; at 2.069 pct it hits its lowest point since April 2004.