FRANKFURT (MNI) – The ECB Monday forecast a net drain of E18
billion at Tuesday’s weekly 7-day main refinancing operation.
It said that based on its liquidity forecast Monday, the benchmark
allotment amounted to -E18.0 billion.
At last week’s 7-day MRO, the ECB allotted E291.63 billion, which
was a net injection of E39.53 billion.
The bank called for bids today on the new MRO, which will be awared
on a full allotment basis at a fixed rate of 1.0%, which is the ECB’s
current main refinancing rate after trimming it by 25 basis points on
December 8.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com
[TOPICS: M$$CR$,M$X$$$,M$XDS$,MN$MM$,M$$EC$,MGX$$$]
