12.2.11

MONEY MARKETS-UK interbank rates but rate rise bets intact


(Reuters)  Key sterling interbank ratesslipped for the first time in three weeks on Friday after the Bank of England left interest rates unchanged but bets of a hike by mid-year capped the rally in short-term UK money markets. The BoE left main borrowing costs unchanged at a record low 0.5 percent on Thursday, easing the pressure on short-term moneymarket rates which had risen as some investors positioned for an outside risk of an increase. Read full story>>>