FRANKFURT (MNI) – The European Central Bank Tuesday allotted
E20.4796 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 18 bidders.
The refis will settle tomorrow and will expire on June, 16.
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