FRANKFURT (MNI) – The European Central Bank on Wednesday allotted
E23.16555 billion in supplemental 91-day refinancing agreements at a
fixed rate of 1.0%.
The ECB said it satisfied all 70 bids in the 91-day operation.
Today will be the final 3-month refis operated under ECB’s crisis
liquidity framework.
The ECB will return to variable rate tender procedures in the
three-month operations staring from 28 October.
ECB President Jean-Claude Trichet assured that “allotment amounts
in these operations will be set with the aim of ensuring smooth
conditions in money markets and avoiding any significant spreads between
bid rates and the prevailing MRO rate.”
–Frankfurt Newsroom +49 69 72 01 42: email: frankfurt@marketnews.com–
[TOPICS: M$X$$$,M$$EC$]
