Bloomberg News

Three-Month Euribor Drops Below 0.9% for First Time in 17 Months

March 09, 2012

The rate at which European banks say they see each other lending in euros for three months dropped below 0.9 percent for the first time in more than 17 months, according to the European Banking Federation.

The euro interbank offered rate, or Euribor, for such loans fell 0.8 basis point, or 0.008 percentage point, to 0.894 percent, data from the federation showed.

That’s the 57th consecutive daily decline, the longest run since April 2009, and the lowest rate since Sept. 30, 2010, according to data compiled by Bloomberg.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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