On July 14, the European Central Bank announced the seven-day main refinancing operation (MRO). The operation was conducted on July 15 and attracted bids from euro area eligible counterparties of €7,163.70 million, €585.50 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. [...]