LONDON (MNI) – European Central Bank President Jean-Claude Trichet
Thursday rejected that idea that the ECB should narrow the margin on its
US dollar swap liquidity operations.
Speaking at a press conference following the ECB’s monthly
Governing Council meeting in Frankfurt, Trichet was asked whether the
ECB would consider some narrowing on the spread in order to make the
facility more attractive:
“No at this statge it is not something that we envisaged,” he
replied.
Trichet said that there was “no particular intention as regards the
margin” at present.
–London Newsroom: 00442078627492; email: ukeditorial@marketnews.com/
martin.degen@ntkn.com/william.wilkes@ntkn.com
[TOPICS: MT$$$$,M$$EC$,M$X$$$,M$$FX$,M$B$$$]
