FRANKFURT (MNI) – The European Central Bank said it drained
E135.0456 billion from the Eurozone money market Tuesday in a 1-day
refinancing agreements.
The central bank said it received 142 bids totaling E135.04760
billion for the operation.
The deposits pay a weighted average rate of 0.79% and a marginal
rate of 0.80%. The minimum bid was 0.50%.
Earlier today the ECB said that liquidity absorbing fine tuning
operation aimed “to counter the expected large positive liquidity
imbalance” in Eurozone money markets.
–Frankfurt Newsroom. +49 69 720142; Email: frankfurt@marketnews.com
[TOPICS: M$X$$$,M$$EC$,MT$$$$,MGX$$$]
