FRANKFURT (MNI) – The European Central Bank on Thursday allotted
E12.552 billion in a six-day fine tuning operation. The take up was at
the low end of expectations.
The liquidity was provided at a fixed rate of 1.00% and on a full
allotment basis — the ECB satisfied all of the 23 bids received.
There was limited EONIA reaction to the auction results. Traders
are more concerned about what will happen after E200 billion matures at
the end of December from three and twelve-month LTROs.
— Frankfurt bureau: +49-69-720-142. Email: frankfurt@marketnews.com
[TOPICS: MGX$$$,M$$FX$,M$X$$$,M$G$$$,M$$EC$]