Economy ECB to lend 50 billion euros to banks at weekly tender

ECB to lend 50 billion euros to banks at weekly tender

The headquarters of the European Central Bank (ECB)
The headquarters of the European Central Bank (ECB)

The European Central Bank will likely lend 50 billion euros ($55.64 billion) to banks at its weekly refinancing operation, a Reuters poll of euro money market traders showed on Monday.

That is slightly less than the 53.054 billion euros maturing from last week.

Forecasts in the poll of 21 traders ranged from 42 billion to 55 billion euros.

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