Euro zone money market spike driven by French banks’ contingency tests -traders
A sudden jump in the European
Central Bank’s new ESTR overnight interest rate this week was
triggered by French banks bidding for extra cash as part of
contingency tests, two sources familiar with the bloc’s money
markets said on Friday.
Central Bank’s new ESTR overnight interest rate this week was
triggered by French banks bidding for extra cash as part of
contingency tests, two sources familiar with the bloc’s money
markets said on Friday.
Posted by Reuters
