Euribor rates edge up

Key euro-priced bank-to-bank lending rates edged higher on Monday after European leaders at the weekend neared agreement on bank recapitalisation, while sharp differences remained over plans to write down Greek government debt. Three-month Euribor rates, traditionally the main gauge of unsecured interbank euro lending and a mix of interest rate expectations and banks' appetite for lending, inched up to 1.588 percent from 1.585 percent, highest since early August.
Six-month Euribor remained unchanged at 1.785 percent and longer-term 12-month rates ticked down to 2.121 percent from 2.122 percent. Shorter-term one-week rates dipped to 1.153 percent from 1.158 percent, while overnight interest rates inched up to 0.937 percent on Friday.