–corrects the maturaty of operation to six from seven days
–ECB Sees Benchmark Allotment At -E102.5 Bln Based On Oct 24 Forecast
FRANKFURT (MNI) – The European Central Bank called Monday for bids
on its six-day refinancing agreements at a fixed rate of 1.5%.
It said that based on its liquidity forecast Monday, the benchmark
allotment amounted to a net drain of E102.5 billion. The central
bank also announced that the average autonomous factors for the period
between this coming Wednesday and October 31 is estimated at E236.0
billion.
Last week, the ECB allotted E201.182 billion in its one-week
auction; those refis expire Tuesday.
Bids for the new refis are due by 0730 GMT on Tuesday.
— Frankfurt bureau: +49 69 720 142; email: frankfurt@marketnews.com —
[TOPICS: MT$$$$,M$$EC$,M$$FI$,M$X$$$,MGX$$$]