Dhaka, Bangladesh (BBN) - The key Euro-priced bank-to-bank lending steadied at the end of the last week, halted by pressure from excess liquidity after rising for three days running on deep-seated concerns about the economic outlook.
The six-month EURIBOR edged up to 1.745 percent from 1.743 percent while the longer-term 12-month rates rose to 2.085 percent from 2.079 percent, a weekly review report said.
The Bank of England (BoE) policymaker Ben Broadbent has softened his hawkish stance on inflation because of concerns over economic weakness.
Another BoE policymaker said last week that the BoE can hold further monetary stimulus despite recent financial market turmoil and the weak economy as the overall situation still looks better than run-up to the financial crisis.
BBN/SSR/AD-26Aug11-4:41 pm (BST)