Image Source : Times of Malta
The European Central Bank’s (ECB) monetary operations and the domestic Treasury bill market were active during the week ended January 10, 2025. Although specific details for this period are not available, previous weeks’ reports provide insight into the ECB’s actions and the Treasury bill market’s performance.
In late December 2024, the ECB conducted a 7-day main refinancing operation (MRO), which attracted significant bids. Similarly, another operation in the same period received bids of $1,119.70 million, which were allotted in full at a fixed rate of 4.59%. These operations demonstrate the ECB’s ongoing efforts to manage liquidity and maintain monetary stability in the Eurozone.
Regarding the domestic Treasury bill market, previous reports indicate that various auctions took place in late December 2024, with significant amounts of Treasury bills being issued. For instance, Rs. 168,000 million Treasury bills were issued through an auction on January 1, 2025. These auctions suggest a robust demand for short-term government securities, which can help finance government activities and manage cash flows.
Overall, while specific data for the week ended January 10, 2025, is not available, previous reports indicate that the ECB and domestic Treasury bill market remained active in late 2024, with ongoing efforts to manage liquidity and finance government activities.
