FRANKFURT (MNI) – The following is a press release issued by the
European Central Bank, which announced that it would continue to conduct
its main refinancing operations at a fixed rate with full allotment for
at least until July 9, 2013:
The Governing Council of the European Central Bank (ECB) has today
decided to continue conducting its main refinancing operations (MROs) as
fixed rate tender procedures with full allotment for as long as
necessary, and at least until the end of the sixth maintenance period of
2013 on 9 July 2013. This procedure will also remain in use for the
Eurosystems special-term refinancing operations with a maturity of one
maintenance period, which will continue to be conducted for as long as
needed, and at least until the end of the second quarter of 2013. The
fixed rate in these special-term refinancing operations will be the same
as the MRO rate prevailing at the time.
Furthermore, the Governing Council has decided to conduct the
three-month longer-term refinancing operations (LTROs) to be allotted on
30 January, 27 February, 27 March, 24 April, 29 May and 26 June 2013 as
fixed rate tender procedures with full allotment. The rates in these
three-month operations will be fixed at the average rate of the MROs
over the life of the respective LTRO.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@mni-news.com
[TOPICS: M$$EC$,M$X$$$,M$$CR$,MT$$$$]
