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News on the Euribor

The Euribor three-month minimum in almost five years
05 February 2009 @ 19:49

The key rate Euribor three months went down on Thursday and stood at least five years.

The rate at three months, traditionally the main benchmark for interbank loans, fell to 2039 percent since 2053 percent, the lowest level since April 2004.

The rate fell to a week to 1399 percent since 1406 percent, well below the ECB's main rate of two percent.

The Euribor also fell to six months, andalusia percent 2127 percent since 2143, interest lowest since July 2005.

The ECB announced Thursday its decision on monetary policy and provides that the entity maintaining the reference rate at two percent.

The rates were to one day a spread of 0.95 / 1.10 percent at 10:13 GMT, compared with half of 1201 on Wednesday percent.

Euribor rates are fixed daily by the Banking Federation of the European Union.

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