(ANSA) - Rome, April 21 - The three-month euro interbank
offered rate, or Euribor, dropped below zero for the first time
on Tuesday meaning eurozone banks can now get paid to look after
each others' cash for that period.
The drop came as the European Central Bank's bond-buying
program floods the region's money markets with excess liquidity,
in its quantitative easing programme.
3-mth Euribor rate drops below zero
Eurizone banks can get paid for holding each others' cash