Bloomberg News

ECB Allots Most Funds to Banks in Seven-Day Tender in Two Years

November 29, 2011

Nov. 29 (Bloomberg) -- The European Central Bank alloted 265.5 billion euros ($355 billion) to banks in its seven-day main refinancing operation, the most in more than two years.

That’s up from 247.2 billion euros at the previous weekly refinancing auction conducted at a fixed rate of 1.25 percent. The number of bidders was 192 compared with last week’s 178, according to the Frankfurt-based central bank.

--Editor: Craig Stirling

To contact the reporter on this story: Simone Meier in Zurich at smeier@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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