The one-month rate declined 3 basis points to 4.48pc, EBF data showed yesterday.
The fall came as the European Central Bank's (ECB) lending to financial institutions surged to a record high as it pumped extra cash into the banking system to ease a funding gridlock.
The Frankfurt-based central bank said its outstanding euro loans to banks rose to €773.7bn yesterday, the largest amount ever, from €753.1bn a day earlier. The figure does not include the ECB's dollar loans.
Continue reading from source: Independent.ie
