Economy ECB to allot 1.5 billion at LTRO; 6.5 billion euros at seven-day...

ECB to allot 1.5 billion at LTRO; 6.5 billion euros at seven-day tender

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ECB to allot 1.5 billion at LTRO; 6.5 billion euros at seven-day tender

The European Central Bank will allot 1.5 billion euros (1.30 billion pounds) at its 91-day refinancing option and 6.5 billion euros at its seven-day refinancing tender.

That is same as the 1.5 billion euros maturing from the previous long-term refinancing option. The 7-day tender is slightly lower than the 6.6 billion maturing from last week.

Forecasts in the poll of 18 euro money market traders and analysts ranged from 1.0 billion to 2.0 billion euros for the LTRO and 6.0 billion to 7.5 billion euros for the week-long tender.

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