Benchmark Euribor rates notch gains
FRANKFURT, Aug 25 (Reuters) - Benchmark Euribor interest rates ticked higher on Monday, with one-week rates hitting a near month-long high and three-month rates also moving up.
Three-month Euribor EURIBOR3MD=, the key gauge of unsecured euro lending rates between European banks, inched up to 4.965 percent from 4.964 on Friday, but it remains below the 7-1/2 year high of 4.970 scaled earlier this month.
The one-week rate EURIBORSWD= rose to 4.408 percent from Friday's level of 4.405 percent. It is the highest since July 29 and comes as the end-of-month account-settling period approaches.
Interbank rates have been elevated for over a year now as worries continue to plague money markets in the aftermath of the U.S. subprime crisis and credit market turmoil.
Euribor rates are fixed daily by the Banking Federation of the European Union (FBE) shortly after 0900 GMT and compare with the European Central Bank's main refinancing rate of 4.25 percent.
Three-month rates form a benchmark for much short-term commercial lending in Europe, and one-week rates give an indication of banks' very short term financing conditions. * For a table of the latest Euribor fixings for terms of one week to one year, double click on EURIBOR= * 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 EONIAINDEX * For graphs of historic Euribor and EONIA swap rates, right click on the links in angle brackets below, and select 'Related Graph' 1 week EURIBORSWD= EONIAINDEXSW= 2 week EURIBOR2WD= EONIAINDEX2W= 3 week EURIBOR3WD= EONIAINDEX3W= 1 month EURIBOR1MD= EONIAINDEX1M= 2 month EURIBOR2MD= EONIAINDEX2M= 3 month EURIBOR3MD= EONIAINDEX3M= 4 month EURIBOR4MD= EONIAINDEX4M= 5 month EURIBOR5MD= EONIAINDEX5M= 6 month EURIBOR6MD= EONIAINDEX6M= 7 month EURIBOR7MD= EONIAINDEX7M= 8 month EURIBORS8M= EONIAINDEX8M= 9 month EURIBOR9MD= EONIAINDEX9M= 10 month EURIBOR10MD= EONIAINDEX10M= 11 month EURIBOR11MD= EONIAINDEX11M= 1 year EURIBOR1YD= EONIAINDEX1Y= (Reporting by Frankfurt newsroom; Editing by Gerrard Raven)
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