News Headline Summary

ECB drains EUR 208.5bln in 7-day deposits, in line with aim; 62 banks bid to deposit total of EUR 459.619bln; weighted average interest rate of 0.01%

Update details:

- This is in relation to the now dormant Securities Market Programme from the ECB which has been superceded by the OMT programme. This liquidity draining operation will still continue until the bonds held by the ECB mature.

Print 12:00, 06 Nov 2012 - ECB - Source: Newswires