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ECB longer-term refi average rate 4.53 pct; marginal rate 4.45


Published :
Wed, 31 Oct 2007 11:17
By : Agencies
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FRANKFURT (Thomson Financial) - The European Central Bank said that the weighted average interest rate on accepted bids at today's longer-term refinancing operation was 4.53 pct.

The marginal rate -- the lowest rate at which bids were accepted -- was 4.45 pct.

At the previous longer-term refi operation on Sept 26, the average rate was 4.63 pct and the marginal rate 4.50 pct.

The ECB awarded 50 bln eur of funds at the new longer-term refi operation, the same amount as that leaving the market on the expiry of a previous longer-term refi.

Bids were made at rates ranging from 4.00 pct to 4.90 pct, with some 77.43 pct of bids at the marginal rate being met. Bids at higher rates were met in full.

Bids totaled 87.587 bln eur.

The new longer-term refi expires on Jan 31.

christoph.steitz@thomson.com

cs1/lht

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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