ECB monetary operations
On December 14, the European Central Bank (ECB) announced the seven-day MRO. The operation was conducted on December 15 and attracted bids from euro area eligible counterparties of €0.34 billion, €0.10 billion more than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero per cent in accordance with current ECB policy.
On December 16, the ECB conducted the three-month, longer-term refinancing operation to be settled as a fixed rate tender procedure with full allotment, with the rate fixed at the average MRO rate over the life of the operation. The operation attracted bids of €0.48 billion from euro area eligible counterparties. The amount was allotted in full in accordance with current ECB policy.