Tuesday, November 30, 2010


On November 22, the ECB announced its weekly Main Refinancing Rate. The auction was conducted on November 23, and attracted bids from euro area eligible counterparties of €177.10 billion, €8.93 billion less than the amount bid for the previous week. The bid amount was allotted in full at a fixed rate equivalent to the prevailing main refinancing rate of one per cent, in accordance with current ECB policy. As had been announced by the Governing Council in a press release dated September 2, 2010, on November 23, the ECB announced a 91-day Longer-Term Refinancing Operation (LTRO) to be settled as a fixed rate tender procedure with full allotment, with the rate being fixed at the average minimum bid rate of the MROs over the life of the operation. The auction attracted bids of €38.21 billion from euro area eligible counterparties, which amount was allotted in full. On November 23, the ECB also conducted an auction for a seven-day fixed-term deposit intended to absorb €66 billion. The operation was designed to sterilise the effect of purchases made under the Securities Market Programme and settled by the previous Friday, November 19.BNR, Banca Mondiala, Emil Boc, FMI, Guvern, INS,Ministerul Economiei, PIB, Prima Pagina, Romania,agenda de business, bugetul de stat, economie, revista presei, salarii, salariu minim

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