FRANKFURT (MNI) – The European Central Bank said Wednesday that it
has allotted $500 million in its 7-day USD liquidity providing
operation.
The central bank said it received 1 bid.
Last week, the 1-week dollar refinancing operation was tapped by
two unnamed institutions, which borrowed $575 million at a rate of
1.10%.
Today’s operation was carried out at a fixed rate of 1.07%. The
Euro/USD rate was set at 1.3696.
–Frankfurt Bureau tel.: +49-69-720 142, email: frankfurt@marketnews.com
[TOPICS: MT$$$$,M$$EC$,M$$FI$,M$X$$$,MGX$$$]
