The Governing Council decided today to renew the two outstanding three-month supplementary longer-term refinancing operations (LTROs) that were allotted on 21 May 2008 (EUR 50 billion) and on 11 June 2008 (EUR 50 billion) and that will mature on 14 August 2008 and on 11 September 2008, respectively.
The renewal of these two supplementary three-month LTROs is aimed at further consolidating the progress achieved so far in the normalisation of the euro money market. The renewal will not affect the regular LTROs and will be carried out as follows:
- The two supplementary LTROs will be carried out through variable rate
The renewal of these two supplementary three-month LTROs is aimed at further consolidating the progress achieved so far in the normalisation of the euro money market. The renewal will not affect the regular LTROs and will be carried out as follows:
- The two supplementary LTROs will be carried out through variable rate
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