FRANKFURT (MNI) – The European Central Bank on Tuesday drained
E200.908 billion in a 1-day liquidity draining operation, the bank
announced.
The bank received 158 bids totalling E201.673 billion for the
operation, the bank said. The weighted average allotment rate was 0.76%.
The minimum rate was 0.50% while the highest rate accepted, or the
marginal rate, was 0.80%.
The operation was a variable rate tender at a maximum bid rate of
1% and was designed to counter a large positive liquidity imbalance on
the last day of the maintenance period, the bank said earlier in the
day.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
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