4 January 2001, 16:00  ECB to allot 20 bln eur/refi-operation for long-term refinancing in 2001

FRANKFURT (AFX) - The European Central Bank said the governing council has decided to allot 20 bln eur per refinancing operation for the longer-term operations to be conducted in 2001. It said this amount takes into consideration the expected liquidity needs of the euro area banking system in 2001 and the desire of the Eurosystem to continue to provide the bulk of refinancing of the financial sector through its main refinancing operations. The governing council may adjust the allotment amount in the course of the year in the event of unexpected developments in liquidity needs, it said.

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