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

Burger King's Young Buns

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus