FRANKFURT (MNI) – The European Central Bank announced on Monday
that it had settled E1.104 billion worth of new sovereign debt purchases
in the week ending January 6, up from the E462 million the previous week
and from the previous period’s E19 million.
The ECB purchases settled last week bring the cumulative total
still on the bank’s balance sheet to E213 billion. As usual, the central
bank said it will seek to sterilize the entire amount through a quick
tender to collect one-week term deposits.
The deposit tender, to be held Tuesday at 1030 GMT/0530 ET, will be
conducted as a variable-rate operation with a maximum bid rate of 1.0%,
the ECB said. The fixed-term deposits can be used as collateral in the
Eurosystem’s credit operations.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —
[TOPICS: M$$CR$,M$X$$$,M$XDS$,MN$MM$,M$$EC$]
