On June 16, the European Central Bank (ECB) announced the seven-day main refinancing operation (MRO). The operation was conducted on June 17 and attracted bids from euro area eligible counterparties of €8,628 million, €2,431 million more than the previous week. The amount was allotted in full at a fixed rate equivalent to the prevailing MRO rate of 2.15%, in accordance with current ECB policy. [...]