Wednesday, 22 January 2014

Key Euribor rate falls after banks take up more ECB funds

FRANKFURT, Jan 22 (Reuters) - The key euro-priced bank-to-bank lending rate ticked down on Wednesday after banks took up more cash from the European Central Bank, pushing up the amount of extra funds in the euro zone money markets. Higher demand in the ECB's main refinancing operation and a partially failed sterilisation of bond buys are set to inject close to 50 billion euros of extra money in the markets on Wednesday, easing pressure on market rates. Ahead of the settlements, excess li






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