Monetary policy instrument that can be used by the ECB for fine-tuning purposes. Under this instrument, counterparties are offered an attractive interst yield on fixed-term deposits held by their customers in accounts with the national central banks. The purpose of this measure is to absorb liquidity in the market. – See the annex “Euro area statistics,” section “Monetary statistics,” subheading “Eurosystem monetary policy operations,” sub-statistics “Other tender operations” in the respective ECB Monthly Bulletin on the volume of operations.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/