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Europe Daily Bulletin No. 7627

6 January 2000
Contents Publication in full By article 24 / 61
GENERAL NEWS / (eu) eu/euro
ECB conducts liquidity-absorbing fine-tuning operation

Frankfurt, 05/01/2000 (Agence Europe) - In a press release, the European Central Bank announces that it has decided to conduct a liquidity-absorbing fine-tuning operation, on Wednesday, for a total of some 35 billion euro. The operation took the form of a collection of fixed-term deposits processed as a quick tender procedure at variable rates. The ECB stipulates that, "transition to the year 2000 having "gone smoothly" (see yesterday's EUROPE, page 7), it considers it appropriate, now, to...

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