Money market report for the week ended May 10, 2024
The ECB headquarters in Frankfurt, Germany. Photo: Shutterstock.com
ECB monetary operationsOn May 6, the European Central Bank announced a seven-day main refinancing operation (MRO). The operation was conducted on May 7 and attracted bids from euro area eligible counterparties of €1,694 million, €259 million less than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing...