FRANKFURT (MNI) – The European Central Bank announced on Monday
that it had settled E462 million worth of new sovereign debt purchases
in the week ending December 30, up sharply from the E19 million the
previous week, but down from the previous period’s E3.36 billion.
The ECB purchases settled last week bring the cumulative total
still on the bank’s balance sheet to E211.5 billion. As usual, the
central bank said it will seek to sterilize the entire amount through a
quick tender to collect one-week term deposits.
The deposit tender, to be held Tuesday at 1030 GMT/0530 ET, will be
conducted as a variable-rate operation with a maximum bid rate of 1.0%,
the ECB said. The fixed-term deposits can be used as collateral in the
Eurosystem’s credit operations.
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