FRANKFURT (MNI) – The European Central Bank Tuesday allotted
E12.9881 billion in 35-day refinancing agreements (refis) at a fixed
rate of 1.00% 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 June 13.
–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com
[TOPICS: M$X$$$,M$$EC$]
