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Key Euribor rates continue upward march

From reuters.com

Key euro-priced bank-to-bank lending rates rose on Friday after the ECB's much-hyped reintroduction of 1-year liquidity added little cash to money markets and question marks remained over banks' health following the latest EU crisis summit. Banks took 57 billion euros on Wednesday in the first of two new offerings of one-year loans by the ECB. But a move by them to simultaneously cut back their intake of shorter term ECB loans resulted in just 16 billion euros being added to overall liquidity levels. Three-month Euribor rates , traditionally the main gauge of unsecured interbank euro lending and a mix of interest ... (full story)

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