ECB Drains 173.5 Billion Euros to Offset Bond Purchase Program

The European Central Bank said it drained 173.5 billion euros to offset the extra liquidity created by its government bond purchases.

The Frankfurt-based central bank said 71 banks submitted bids totalling 197.9 billion euros.

To contact the editor responsible for this story: Gabi Thesing at gthesing@bloomberg.net

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