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More Tightening Of I R As E C B Places Tender Options

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FRANKFURT (AFX) - The European Central Bank called for tenders for a 7-day variable rate main refinancing operation expiring April 19.
A minimum bid rate of 2.50 pct applies at the refi.
The ECB said it calculates that it would need to allot 286 bln eur at the refi for banks to be able to fulfil their minimum reserve requirements over the next week.
This "benchmark" allotment figure takes account of banks' current account holdings with national central banks and liquidity needs arising from autonomous factors such as tax payments.
The ECB may also take account of other factors in its allotment decision, which will be announced tomorrow.
Bids with the highest interest rates will be satisfied first
and bids with successively lower interest rates will be accepted until the total liquidity to be allotted is exhausted.

Subtle hint--TTRTRates

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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