ECB Drains E135 Bln from EU Money Market

The European Central Bank said it drained 135.0456 billion euros from the Eurozone money market Tuesday in a 1-day refinancing agreements. The central bank said it received 142 bids totaling 135.04760 billion euros for the operation. The deposits pay a weighted average rate of 0.79% and a marginal rate of 0.80%. The minimum bid was 0.50%. – iMarketNews

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