Key euro zone bank-to-bank lending rates continued to drop on Wednesday, pulled down by the ECB’s recent record injection of almost half a trillion euros of ultra-long and ultra-cheap three-year liquidity. Euro zone banks received 489 billion euros late last month in the first of two opportunities to access the long-term loans — operations the ECB hopes will minimise the chances of them responding to the region’s debt crisis by slashing lending.
via Bank-to-bank Euribor rates extend post-ECB cash drop | Reuters.