Three-month Euribor rises to highest since early 2016

LONDON (Reuters) - A key euro zone money market rate rose to its highest level in more than four years on Wednesday, a move that analysts said likely reflected higher borrowing costs in the periphery. The three-month Euribor rate fixed was fixed at -0.19% in afternoon European trading, up from -0.23% the previous session and was at its highest level since early 2016. "You can't exclude that there is a dislocation of financing costs between banks in the euro area," said ING senior rates..