ECB Executive Board member Asmussen
© Pawel Kopczynski / Reuters  /  REUTERS
European Central Bank (ECB) Executive Board member Joerg Asmussen smiles during an interview with Reuters in Berlin June 19, 2012. REUTERS/Pawel Kopczynski
updated 12/27/2012 5:49:48 AM ET 2012-12-27T10:49:48

FRANKFURT (Reuters) - Key Euribor bank-to-bank lending rates eased on Thursday, having risen in the previous session as earlier comments from a clutch of European Central Bank policymakers played down chances of another ECB rate cut.

Joerg Asmussen, a member of the ECB's Executive Board, said last week he would be "very reluctant" about the ECB cutting its deposit rate - now at zero - any further, adding that "our (monetary) policy is very accommodative".

Another board member, Yves Mersch, said he did not see the logic of a debate about the ECB cutting its main rate from a record low of 0.75 percent. A third board member, Peter Praet, said earlier this month there is little room to cut.

The ECB kept rates on hold this month despite new forecasts suggesting the euro area economy will contract next year as it has this.

On Thursday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, ticked down to 0.185 percent from 0.186 percent.

The six-month rate was unchanged at 0.319 percent while the one-week rate eased to 0.089 percent from 0.090 percent.

Dollar-priced bank-to-bank Euribor lending rates were mixed, with three-month rates falling to 0.57462 percent from 0.57667 percent and one-week rates rising to 0.63692 percent from 0.58167 percent.

($1 = 0.7867 euros)

(Reporting by Frankfurt newsroom; Editing by Ruth Pitchford)

(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.99%
$30K home equity loan FICO 6.17%
$75K home equity loan FICO 5.94%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 11.01%
11.01%
Cash Back Cards 16.34%
16.34%
Rewards Cards 15.80%
15.80%
Source: Bankrate.com
  1. ECB Executive Board member Asmussen
    © Pawel Kopczynski / Reuters / REUTERS
    Jump to text

    FRANKFURT (Reuters) - Key Euribor bank-to-bank l...

  2. Jump to discussion

    Euribor seesaws as policymakers dispel rate cut ...

  3. Jump to data

    See the latest rates around the country