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%

Analysis details (14:08)

- This is in relation to the now dormant Securities Market Programme from the ECB which has been superceded by the OMT programme.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.

06 Nov 2012 - 14:00 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: