The ECB kept rates on hold this month despite new forecasts suggesting the euro area economy will contract next year. On Friday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, ticked up to 0.186 percent from 0.185 percent. The six-month rate inched higher to 0.320 percent from 0.319 percent while the one-week rate dropped to 0.082 percent from 0.089 percent. Dollar-priced bank-to-bank Euribor lending rates were lower, with three-month rates falling to 0.55000 percent from 0.57462 percent.
The ECB kept rates on hold this month despite new forecasts suggesting the euro area economy will contract next year. On Friday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, ticked up to 0.186 percent from 0.185 percent. The six-month rate inched higher to 0.320 percent from 0.319 percent while the one-week rate dropped to 0.082 percent from 0.089 percent. Dollar-priced bank-to-bank Euribor lending rates were lower, with three-month rates falling to 0.55000 percent from 0.57462 percent.