Liquidity, subdued outlook keep rates pinned down

Posted by 7Star Tuesday, January 26, 2010

Bank-to-bank borrowing costs for euros over three months stayed at a record low on Monday with plentiful central bank liquidity helping keep rates pinned down. Mounting signs of a patchy global economic recovery have also driven down short-end rates, sending Euribor interest rate futures to contract highs this month.

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