Euro, stg 3-mth money mkt rates fall after c.bank cuts

LONDON, Nov 7 (Reuters) - Euro and sterling interbank deposit rates were indicated lower on Friday, a day after the European Central Bank -- and more notably -- the Bank of England cut official policy interest rates.

The fall in money market rates, however, was not as steep as the central bank rate cuts, which were half a percentage point in the euro zone and a surprisingly large 150 basis points from the BoE.

In early London trading on Friday three-month sterling deposit rates were indicated in a range of 3.3 to 4.6 percent , compared with around 4.7 to 5.5 percent in early London trading on Thursday.

Comparable euro deposit rates were indicated in a range of 4.25 to 4.5 percent compared with around 4.4 to 4.65 percent the previous day.

Three-month dollar deposit rates were little changed from a day earlier in a range of 2.2-3.2 percent .

Interbank deposit rates are only indicative prices of where banks are lending to each other, which institutions use as a base to set their own lending rates.