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Investor confidence grows on Estonia's euro goal

Mar 04, 2010
From wire reports

TALLINN - Interest rate spreads between Estonian and eurozone money market rates have fallen to the lowest in 17 months on growing investor confidence that the Baltic country will adopt the common currency next year, reports Bloomberg. The difference between the cost of borrowing kroons and euros for three months, based on asking prices, fell to 129 basis points (1.29 percent) on Feb. 26. Three-month kroon deposit rates were at 1.6 percent on March 1, down from a nine-year high of 7.15 percen ...

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