FRANKFURT (MNI) – The European Central Bank on Tuesday allotted
E67.74788 billion in 28-day refinancing agreements (refis) at a fixed
rate of 1.50% in an effort to improve the overall liquidity position of
the euro area banking system.

The operation, which had no pre-set amount, attracted 57 bidders.

The refis will settle tomorrow and will expire on August 10.

–Frankfurt bureau. Tel: +49-69-720-142. Email:

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