ECB says it will launch fine-tuning operation to absorb up to 200 bln eur

Discussion in 'Forex Trading' started by crgarcia, Jan 5, 2008.

  1. ECB says it will launch fine-tuning operation to absorb up to 200 bln eur

    Thu, Jan 3 2008, 08:50 GMT

    FRANKFURT (Thomson Financial) - The European Central Bank said it will launch a fine-tuning operation today at 10 am CET, in which it will offer to absorb up to 200 bln eur at a fixed rate of 4.00 pct.

    The ECB said it "stands ready to steer liquidity towards more balanced

    conditions if this is needed to align short-term interests rates with the

    minimum bid rate".

    The operation will settle today and mature tomorrow.


    http://www.fxstreet.com/news/central-banks/article.aspx?StoryId=b5067640-ad34-48d2-b779-b41104835905