Money market report for the week ended July 12, 2024

The ECB headquarters in Frankfurt, Germany. Photo: Shutterstock.com

ECB monetary operationsOn July 8, the European Central Bank announced the seven-day main refinancing operations (MRO). The operation was conducted on July 9 and attracted bids from euro area eligible counterparties of €5,334 million, €1,370 million less than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing...