Money market report for the week ended January 22

On Thursday, January 21, the Governing Council of the European Central Bank (ECB) decided that the interest rates on the main refinancing operations (MRO), on the marginal lending facility and on the deposit facility will remain unchanged at 0.05 per cent, 0.30 per cent and -0.30 per cent, respectively. ECB Monetary Operations On Monday, January 18, the ECB announced its weekly MRO. The operation was conducted the following day and attracted bids from euro area eligible counterparties of €65.20 billion, €0.55 billion lower than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 0.05 per cent, in accordance with current ECB policy. On Wednesday, January 20, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.10 billion, which was allotted in full at a fixed rate of 0.86 per cent. Domestic Treasury bill market In the domestic primary market for Treasury bills, the Treasury invited tenders for 91-day and 182-day bills maturing on April 21 and July 21, respectively. Bids of €44 million were...

from timesofmalta.com http://ift.tt/1SgyyJL
via IFTTT