BANK OF FRANCE TO HOLD MONEY MARKET TENDER TODAY
The Bank of France said it has invited
offers of first category paper today for a money market
intervention tender.
    Money market operators were divided over whether the Bank
of France will use to occasion to cut its intervention rate,
which has stood at 7-3/4 pct since March 9.
    Some thought a price cut unlikely while others said there
was room for a further 1/4 point cut by the bank.
 REUTER
