The European Central Bank on Wednesday said it allotted $575 million at its seven-day dollar term auction to two banks, marking the second time in a month that the facility has been used.
The banks will borrow the dollars at a fixed rate of 1.1% after swapping collateral.
The move comes as banks find it more difficult to tap dollar funding, signaling a reluctance among banks to lend to each other, analysts said.
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