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.

–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com

[TOPICS: M$X$$$,M$$EC$]