Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

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

Recommended Posts

http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

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

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.