Euribor rates rise after ECB sees positive contagion

Mon Jan 14, 2013 5:13am EST

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FRANKFURT, Jan 14 (Reuters) - Key Euribor bank-to-bank
lending rates edged up on Monday after the European Central Bank
last week sounded more upbeat on the economy and gave no
indication that a policy rate cut could follow any time soon.
    ECB President Mario Draghi said there had been no request
for lower interest rates from Governing Council members, who had
widely discussed cutting rates at the December policy meeting.
 
    On Monday three-month Euribor rates,
traditionally the main gauge of unsecured bank-to-bank lending,
rose to 0.199 percent from 0.195 percent.
    The six-month rate increased to 0.337 percent from 0.331
percent, while the one-week rate was unchanged at
0.080 percent. The overnight Eonia rate on Friday fell
to 0.067 percent from 0.069 percent. 
    Dollar-priced bank-to-bank Euribor lending rates
  were mixed, with three-month rates
falling to 0.51000 percent from 0.51667 percent and one-week
rates rising to 0.35667 percent from 0.35417 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 
Graph'  
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 (Reporting by Frankfurt newsroom)
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