Bloomberg News

ECB Drains 169.5 Billion Euros Deposits to Offset Bond Purchases

October 25, 2011

Oct. 25 (Bloomberg) -- The European Central Bank said it drained 169.5 billion euros ($237.3 billion) to offset the extra liquidity created by its government bond purchases.

The Frankfurt-based central bank said 87 banks submitted bids totalling 231.4 billion euros.

To contact the editor responsible for this story: Gabi Thesing at gthesing@bloomberg.net


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