Bloomberg News

ECB Drains 173.5 Billion Euros to Offset Bond Purchase Program

October 31, 2011

Oct. 31 (Bloomberg) -- The European Central Bank said it drained 173.5 billion euros to offset the extra liquidity created by its government bond purchases.

The Frankfurt-based central bank said 71 banks submitted bids totalling 197.9 billion euros.

To contact the editor responsible for this story: Gabi Thesing at

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