On September 18, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted the following day and attracted bids from euro area eligible counterparties of €5.06 billion, €1.07 billion higher than the bid amount of the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of zero per cent, in accordance with current ECB policy.
On September 20, the ECB conducted a seven-day US dollar funding operation through collateralised lending in conjunction with the US Federal Reserve. This operation attracted bids of $0.04 billion, which was allotted in full at a fixed rate of 1.67 per cent.
Domestic Treasury bill market
In the domestic primary market for Treasury bills, no auction was held by the Treasury. Since €5 million worth of bills matured during the week, the outstanding balance of Treasury bills now stands at €131.40 million.
During the week under review, there was no trading on the Malta Stock Exchange.
This week there will be no auctions for Treasury bills.