FRANKFURT (MNI) – The European Central Bank Tuesday allotted
E11.389 billion in 28-day refinancing agreements (refis) at a fixed rate
of 1.0% in an effort to improve the overall liquidity position of the
euro area banking system.
The operation, which had no pre-set amount, attracted 20 bidders.
The refis will settle tomorrow and will expire on May 9, 2012.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —
[TOPICS: M$$CR$,M$X$$$,M$XDS$,MN$MM$,M$$EC$]
