The Euribor closes a month below 0,5% for the first time in history.

(…) The reduction of the rates alleviated the tensions within the market and unleashed another wave of historic levels. The inter-bank market relaxed and the euribor at 12 months decreased, reaching 0,493%, below the previous 0,51%.

(…) this is the third consecutive month with descents of the Euribor, whose rate, 0,484%, is 0,782 points lower than in May 2012. (…)

Source: Expansión