BRATISLAVA, May 2 (Reuters) – – The European Central Bank
will continue to provide full allotment in its refinancing
operations through fixed rate tenders at least until July 8,
2014.
Following is the text of the ECB’s statement issued after
the meeting:
“The Governing Council of the European Central Bank (ECB)
has today decided to continue conducting its main refinancing
operations (MROs) as fixed rate tender procedures with full
allotment for as long as necessary, and at least until the end
of the 6th maintenance period of 2014 on 8 July 2014. This
procedure will also remain in use for the Eurosystem’s
special-term refinancing operations with a maturity of one
maintenance period, which will continue to be conducted for as
long as needed, and at least until the end of the second quarter
of 2014. The fixed rate in these special-term refinancing
operations will be the same as the MRO rate prevailing at the
time.”
“Furthermore, the Governing Council has decided to conduct
the three-month longer-term refinancing operations (LTROs) to be
allotted on 31 July, 28 August, 25 September, 30 October, 27
November and 18 December 2013 and 29 January, 26 February, 26
March, 30 April, 28 May and 25 June 2014 as fixed rate tender
procedures with full allotment.”
“The rates in these three-month operations will be fixed at
the average rate of the MROs over the life of the respective
LTRO.”
