Money Market Report for the week ending 12 August
ECB Monetary Operations
On Monday, 8 August, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The operation was conducted on Tuesday, 9 August and attracted bids from euro area eligible counterparties of €41.62bn, €1.37bn 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 0.00%, in accordance with current ECB policy.
On Wednesday, 10 August, 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 $0.11bn, which was allotted in full at a fixed rate of 0.90%.