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ECB Drains 173.5 Billion Euros to Offset Bond Purchase Program

Oct. 31 (Bloomberg) -- 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.

Link to Company News:{2539Z GR <Equity> CN <GO>}

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

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