Euribor rates steady

Euribor bank-to-bank lending rates held steady on Friday, waiting for fresh policy action from the European Central Bank after it opened the door to a cut in official interest rates as soon as next month. On Friday, the three-month Euribor rate, traditionally the main gauge of unsecured bank-to-bank lending, were unchanged at 0.210 percent.
The six-month rate eased to 0.326 percent from 0.330 percent, and the one-week rate was unchanged at 0.083 percent. The overnight Eonia rate edged up to 0.074 percent from 0.072 percent. Dollar-priced bank-to-bank Euribor lending rates were lower, with three-month rates falling to 0.49900 percent from 0.50200 percent and one-week rates down at 0.32000 percent from 0.32200 percent. Excess liquidity in the euro zone banking system is at 364 billion euros, still high enough to keep market rates below the ECB's refinancing rate.