Bloomberg News

ECB Says Banks’ Overnight Deposits Increased to Two-Week High

September 29, 2011

Sept. 29 (Bloomberg) -- The European Central Bank said financial institutions increased overnight deposits to the most in more than two weeks.

Banks parked 173.2 billion euros ($235.8 billion) with the ECB yesterday, up from 164.1 billion euros a day earlier and the most since Sept. 12, according to data published by the Frankfurt-based central bank today. Overnight borrowing at the marginal rate of 2.25 percent fell to 426 million euros from 726 million euros, the ECB said.

To contact the editor responsible for this story: Matthew Brockett at mbrockett1@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus