ECB plans to drain up to 200 bln euros from money markets
Thu, Oct 2 2008, 07:57 GMT
http://www.afxnews.com
FRANKFURT, Oct 2 (Reuters) - The European Central Bank is to hold a fine-tuning operation on Thursday to mop up excess overnight euro liquidity from money markets.
The ECB said the aim was to drain up to 200 billion euros ($278.9 billion). It will launch the operation at 1300 GMT, offering to accept bank deposits at a fixed rate of 4.25 percent, the ECB said on its Reuters information page. (Reporting by Marc Jones) ($1=.7170 Euro) Keywords: ECB/FINETUNING DRAIN
tf.TFN-Europe_newsdesk@thomsonreuters.com
jlw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Related News
ECB Trichet: Strong Dollar Important For World Economy
Dow Jones | Mon, Nov 23 2009, 15:43 GMT
UPDATE: ECB Trichet: Govts Must Prepare For Stimulus Exit
Dow Jones | Mon, Nov 23 2009, 15:20 GMT
ECB Trichet: ECB Has Exit Strategy, Govts Must Have Their Own
Dow Jones | Mon, Nov 23 2009, 14:16 GMT
UPDATE: Hungary Ctrl Bk Cuts Base Rate To 6.5% As Expected
Dow Jones | Mon, Nov 23 2009, 13:15 GMT
UPDATE: ECB Ordonez: Unclear If Econ Ready For Stimulus Exit
Dow Jones | Mon, Nov 23 2009, 12:42 GMT
Related Content
Market Session Recaps - London Session by FOREX.com
Mon, Nov 23 2009, 11:36 GMT
Central European Daily - Hungary NBH expected to cut rates further today by KBC Bank
Mon, Nov 23 2009, 09:38 GMT
Forex Market Alerts - EUR/USD, GBP/USD Flows - USD sold in Europe, EUR eye ECB Trichet, GBP Cadbury by FXMarketAlerts
Mon, Nov 23 2009, 07:27 GMT
Forex Trading Strategies - Gold leads a renewed charge against the dollar in thin Asian markets by Saxo Bank
Mon, Nov 23 2009, 07:09 GMT
Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Service
Mon, Nov 23 2009, 03:32 GMT
日本語
Español
中文
Русский 














