Euribor goes negative

From Bloomberg:

The euro interbank offered rate, or Euribor, for such one-month loans dropped to minus 0.002 percent today, EMMI data showed. That’s the first negative reading since Bloomberg started collecting the data in 1998. It has averaged 2.23 percent in that period. The three-month rate fell to a record 0.056 percent today.

The full article is available here.

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