Key Euribor rate steady as banks' reliance on ECB funding wanes

FRANKFURT, Jan 20 (Reuters) - The key euro-priced bank-to-bank lending rate held steady on Monday as banks slowly reduce their reliance on the European Central Bank for funding and turn to the market again in a sign of growing confidence. The ECB is following the latest developments in money markets closely, having pledged to intervene should the rise in bank-to-bank lending rates that underpin borrowing costs across the economy become "unwarranted". A gradual rise in the rates is seen

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