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Last Updated : Mar 18, 2020 05:31 PM IST | Source: Reuters

ECB lends banks $112 billion to ease funding stress

The ECB said it had allotted $75.82 billion in its new 84-day auction, introduced by major central banks last weekend in response to global demand for greenbacks, and $36.27 billion at its regular 7-day tender.

Reuters

The European Central Bank on March 18 lent euro zone banks $112 billion at two auctions aimed at easing stress in the US dollar funding market, part of the financial fallout of the coronavirus outbreak.

The ECB said it had allotted $75.82 billion in its new 84-day auction, introduced by major central banks last weekend in response to global demand for greenbacks, and $36.27 billion at its regular 7-day tender.

 
First Published on Mar 18, 2020 05:25 pm
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