FRANKFURT (MNI) – The European Central Bank will launch a liquidity
absorbing fine-tuning operation at 13:00 GMT today, the bank announced
Tuesday.
The operation will be in the form of a variable rate tender with a
maximum bid rate of 1.00%. There is no pre-set amount.
The operation will combat a “large positive liquidity imbalance,”
which is expected today, the bank explained.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
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