Arab Today, arab today euribor interbank lending rate hits record low
Last Updated : GMT 12:31:20
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Arab Today, arab today

Euribor interbank lending rate hits record low

Arab Today, arab today

Arab Today, arab today Euribor interbank lending rate hits record low

London - AFP

The main reference interest rate in the eurozone, the Euribor three-month rate, fell to a record low level of 0.549 percent on Friday, down sharply from 0.641 percent a day earlier. The Euribor rate reflects the terms on which European banks are prepared to lend funds to each other. It has fallen steadily since the European Central Bank began refinancing banks for up to three years at the end of December.

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