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Interbank lending rates dip again on ECB Dec injection

Source:http://www.brecorder.com/ Date:(2012-02-03)Category:Business News

NEW YORK: Interbank lending rates fell on Thursday as the ECB\'s injection of almost half a trillion euros in 3-year loans in December and the prospect of more to come this month again pushed bank-to-bank loan rates down. The European Central Bank\'s 489 billion euro injection of ultra-long-term funds has seen the amount of excess liquidity in the banking system balloon to record levels and is putting heavy downward pressure on the rates European banks charge ...

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