FRANKFURT (MNI) – The European Central Bank said Wednesday that it
alloted E4.8456 billion at a weighted average rate of 1.15% in its first
competitive money market operation in some 1.5 years.
The central bank previously said that the amounts in the three
month operations would be set with the aim of ensuring smooth conditions
in money markets and avoiding any significant spreads between bid rates
and the prevailing MRO rate.
Of the total 24 bids received, the lowest accepted bid in today’s
operation was at 1.0%, the ECB said.
Today’s refis will settle on April, 29 and expire on July, 29.
–Frankfurt Newsroom +49 69 72 01 42: email: jtreeck@marketnews.com–
[TOPICS: M$X$$$,M$$EC$]
