Friday, 24 January 2014

Key Euribor rate unchanged as banks adjust liquidity needs

FRANKFURT, Jan 24 (Reuters) - The key euro-priced bank-to-bank lending rate remained unchanged on Friday, easing pressure on the European Central Bank to intervene as banks adjusted their liquidity holdings. Higher demand in the ECB's main refinancing operation and a partially failed withdrawal of money the ECB spent on its old bond-purchase programme added close to 50 billion euros of extra liquidity to the markets this week, sending overnight rates down. Overnight Eonia fell back belo



















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