FRANKFURT (MNI) – The European Central Bank on Tuesday called for
bids on its 91-day main refinancing operation.
The central bank said that the rate in this 3-month operation will
be fixed at the average rate of the MROs over the life of the LTRO.
Bids for today’s operation are due by 07:30 GMT on Wednesday. The
allocation will be announced shortly thereafter.
The new refis will settle on Thursday and will expire on January
27, 2011.
— Frankfurt bureau: +49 69 720-142; Email: frankfurt@marketnews.com —
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