FRANKFURT (MNI) – The European Central Bank Tuesday allotted
E54.222 billion in 28-day refinancing agreements (refis) at a fixed rate
of 1.5% in an effort to improve the overall liquidity position of the
euro area banking system.
The operation, which had no pre-set amount, attracted 37 bidders.
The refis will settle tomorrow and expire on October 12, 2011.
–Frankfurt bureau. Tel: +49-69-720-142. Email: frankfurt@marketnews.com
[TOPICS: M$X$$$,M$$EC$]
