FRANKFURT (MNI) – The European Central Bank called for bids Tuesday
afternoon in a one-day liquidity absorbing operation.
The operation will be carried out as a variable rate tender with a
maximum bid rate of 1%. Bids for the operation are due at 13:35 GMT.
There is no pre-set amount to the operation.
The operation is designed to counter a large positive liquidity
imbalance today, the last day of the reserve maintenance period, the ECB
said earlier today.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
[TOPICS: MGX$$$,M$$FX$,M$X$$$,M$G$$$,M$$EC$]
