FRANKFURT (MNI) – The European Central Bank called Tuesday for bids
on its 91-day refinancing agreement at a rate indexed to the average
main refinancing rate over the life of the operation.
Due to a technical mistake, the central bank had initially reported
that the operation would be at a fixed rate of 1.25%.
Bids for the refis are due by 0730 GMT on Wednesday. The central
bank did not give a preset amount for this operation.
The 91-day refis will settle this Thursday and expire on July 28,
2011.
— Frankfurt bureau: +49-69-720-142; email: frankfurt@marketnews.com —
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