Money market report for the week ended May 28
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Summary:
On May 24, the European Central Bank announced the seven-day main refinancing operations (MRO). The operation was conducted on May 25 and attracted bids from euro area eligible counterparties of €376 million, €259 million more than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero per cent, in accordance with current ECB policy.
On May 26, the ECB conducted the three-month, longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average MRO rate over the life of the operation. The operation attracted bids of €40 million from euro area eligible counterparties. Also on May 26, the ECB conducted the seven-day and 84-day US dollar funding operations through ...
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