ECB looks into establishing benchmark lending index

ECB looks into establishing benchmark lending index

The European Central Bank announced that Eurosystem and it are ready to look into setting up a benchmark index of bank-to-bank lending rates, after the European Money Market Institute dropped a plan to make adjustments to the Euro Interbank Offered Rate. The benchmark would be based on data available to central banks, an ECB spokesman said.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s