November 11, 2019 / 9:38 AM / a month ago

ECB to allot 1.5 billion euros at its seven-day tender: Reuters poll

A man walks towards the European Central Bank (ECB) headquarters in Frankfurt, Germany, July 25, 2019. REUTERS/Ralph Orlowski

(Reuters) - Banks will borrow 1.5 billion euros ($1.7 billion) from the European Central Bank at its seven-day refinancing tender, a Reuters poll of euro money market traders showed on Monday.

That is a touch lower than the 1.6 billion euros maturing from the previous week.

Forecasts in the poll of 18 traders and analysts ranged between 1.2 billion and 2.6 billion euros.

Reporting by Sujith Pai; Polling by Nagamani Lingappa; Editing by Alex Richardson

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