On Monday, November 16, the ECB announced its weekly Main Refinancing Operation (MRO). This auction, which was conducted on Tuesday, attracted bids for €52.58 billion from euro area eligible counterparties, which amount was allotted in full at a fixed rate equivalent to the prevailing main refinancing rate of 1.00 per cent in accordance with current ECB policy.
Also on Monday, November 16, the Eurosystem and the Swiss National Bank (SNB) conducted a EUR/CHF foreign exchange swap, with a seven-day maturity, to provide Swiss franc liquidity against euro. This operation attracted bids for €6.56 billion, and since this was well below the intended amount of €25 billion, all bids were allotted in full at a fixed price of -0.87 swap points.
On Wednesday, November 18, the ECB, in conjunction with the US Federal Reserve, conducted an eight-day US dollar funding operation through collateralised lending. This attracted bids for $19.91 billion, which amount was allotted in full at a fixed rate of 1.13 per cent.