Euro Libor down, Australian jumps

Posted by 7Star Wednesday, March 3, 2010

Eurozone interbank lending rates edged back towards record lows on Tuesday as the market considered what steps the European Central Bank might take this week towards ending emergency lending facilities. Economists expect the central bank's regular meeting will keep interest rates unchanged with the focus squarely on liquidity conditions heading into the third quarter, when banks must repay a massive 442 billion euros in 12-month funds.

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