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Euribor rates unchanged as ECB seen on hold
January 9, 2013 / 10:17 AM / 5 years ago

Euribor rates unchanged as ECB seen on hold

FRANKFURT, Jan 9 (Reuters) - Key Euribor bank-to-bank
lending rates were unchanged for a second day running on
Wednesday, holding steady ahead of the European Central Bank's
Thursday policy meeting at which no change in official rates is
    Economists polled by Reuters forecast the ECB will keep the
main interest rate on hold at 0.75 percent this week, but they
could not agree on the chances of a cut in the next few months
due to a murky economic outlook. 
    The ECB kept rates on hold last month despite new forecasts
suggesting the euro area economy will contract in 2013.
    Comments from ECB President Mario Draghi, saying there had
been a "wide discussion" about rates, had fuelled expectation
shortly after December's policy meeting that the bank could cut
rates further. But expectations of a cut subsequently faded
after hawkish comments from other policymakers.
    On Wednesday, three-month Euribor rates,
traditionally the main gauge of unsecured bank-to-bank lending,
were unchanged at 0.192 percent.
    The six-month rate was also unchanged, at 0.326 percent, and
the one-week rate was steady at 0.080 percent. The
overnight Eonia rate edged up to 0.067 percent from
0.066 percent. 
    Dollar-priced bank-to-bank Euribor lending rates
  were mixed, with three-month rates
firming to 0.52167 percent from 0.52083 percent and one-week
rates dipping to 0.36417 percent from 0.36500 percent.
    Euribor rates are fixed daily by the Banking Federation of 
the European Union (FBE) shortly after 0900 GMT.
    * For a table of the latest Euribor fixings for terms of one
week to one year, double click on 
    * For a table of the previous day's fixings of EONIA swap 
rates, which show market expectations for future overnight 
lending rates, double click on 
    * For graphs of historic Euribor and EONIA swap rates, right
click on the links in angle brackets below, and select 'Related 
    1 week       
    2 week       
    3 week       
    1 month      
    2 month      
    3 month      
    4 month      
    5 month      
    6 month      
    7 month      
    8 month      
    9 month      
    10 month    
    11 month    
    1 year       

 (Reporting by Frankfurt newsroom. Editing by Jeremy Gaunt.)

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