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KM Financial Solutions | UPDATE 2-Euro zone money market spike driven by French bank contingency tests -traders
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UPDATE 2-Euro zone money market spike driven by French bank contingency tests -traders

21 Nov UPDATE 2-Euro zone money market spike driven by French bank contingency tests -traders

Posted at 15:52h in News by
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A sudden jump in the European
Central Bank’s new ESTR interest rate benchmark 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.

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