On September 11, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on September 12 and attracted bids from euro area eligible counterparties of €3.99 billion, €0.32 billion lower 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 13, 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 1.66 per cent.

During the week under review, participants in the first, third and fifth series of targeted longer-term refinancing operations had the option of terminating or reducing their outstanding amount in these operations before maturity. Accordingly, on September 27, a total of €3.80 billion will be repaid.

Domestic Treasury bill market

In the domestic primary market for Treasury bills, no auction was held by the Treasury. Since €8 million worth of bills matured during the week, the outstanding balance of Treasury bills now stands at €136.40 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.