Key Euribor bank-to-bank lending rates fell on Friday, a day after European Central Bank President Mario Draghi said the bank discussed cutting interest rates at its December meeting but in the end decided to leave them unchanged at 0.75 percent. Draghi said on Thursday there had been "a wide discussion" on rate cuts during the Governing Council meeting, which fuelled expectation that the ECB was ready to lower rates further in the coming months.

On Friday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, fell to 0.187 percent from 0.190 percent. The six-month rate eased to 0.330 percent from 0.339 percent while the one-week rate bucked the trend and ticked up to 0.077 percent from 0.076 percent. The overnight Eonia rate rose to 0.072 percent from 0.069 percent. Dollar-priced bank-to-bank Euribor lending rates also fell, with three-month rates falling to 0.57231 percent from 0.57462 percent and one-week rates down at 0.34692 percent from 0.34846 percent in the previous session.

Copyright Reuters, 2012