FRANKFURT (Dow Jones) – The European Central Bank (ECB) received no demand from banks for its seven-day dollar tender. In the previous transaction, two banks had requested and received a total of 69 million. The tender has a fixed interest rate of 0.33 (previously: 0.32) percent.
On March 20, in the wake of the pandemic crisis, the US Federal Reserve had agreed with five other central banks, including the ECB, to improve the global supply of dollar liquidity. The ECB also offers dollar tenders with a seven-day term. In addition, the ECB has introduced an 84-day dollar tender, which is offered every Wednesday.
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(END) Dow Jones Newswires
July 03, 2020 04:56 ET (08:56 GMT)