March 2, 2020 / 11:37 AM / a month ago

ECB to allot $1.7 billion at its seven-day tender: Reuters poll

The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. 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 lower than the 1.7 billion euros maturing from the previous week.

Forecasts in the poll of 18 traders and analysts ranged between 0.7 billion and 2.5 billion euros.

Reporting by Sujith Pai, polling by Nagamani Lingappa; Editing by Toby Chopra

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