Money Mar­ket Re­port for the week end­ing 6 Oc­to­ber

The Malta Business Weekly - - FRONT PAGE -

ECB Mone­tary Op­er­a­tions

On 2 Oc­to­ber, the Euro­pean Cen­tral Bank (ECB) an­nounced its weekly main re­fi­nanc­ing op­er­a­tion (MRO). The op­er­a­tion was con­ducted on 3 Oc­to­ber and at­tracted bids from euro area el­i­gi­ble coun­ter­par­ties of €3.25bn, €0.96bn 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 4 Oc­to­ber, 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 $0.04bn, which was al­lot­ted in full at a fixed rate of 1.66%.

Do­mes­tic Trea­sury Bill Mar­ket

In the do­mes­tic pri­mary mar­ket for Trea­sury bills, no auc­tion was held by the Trea­sury. Since €18m worth of bills ma­tured dur­ing the week, the out­stand­ing balance of Trea­sury bills now stands at €111.4m.

Dur­ing the week un­der re­view, there was no trad­ing on the Malta Stock Ex­change.

This week there will be no auc­tions for Trea­sury bills.

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