ECB Calls For Bids In 8-Day Tender At Fixed Rate Of 1.5%

–ECB Sees Benchmark Allotment At -E203.5 Bln Based On Oct 28 Forecast

FRANKFURT (MNI) – The European Central Bank called Monday for bids
on its eight-day refinancing agreements at a fixed rate of 1.5%.

It said that based on its liquidity forecast Friday, the benchmark
allotment amounted to a net drain of E203.5 billion. The central bank
also announced that the average autonomous factors for the period
between today and November 8 is estimated at E234.5 billion.

Bids for the new refis are due by 0830 GMT on Tuesday.

— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —

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