Bloomberg News

ECB Says Emergency Bank Borrowing Dropped From 7-Month High

October 20, 2011

Oct. 20 (Bloomberg) -- The European Central Bank said overnight emergency lending to banks fell from a seven-month low.

Euro-area banks tapped the Frankfurt-based ECB for 2.3 billion euros ($3.15 billion) yesterday at 2.25 percent, down from 4.8 billion euros the day before.

Lenders parked 181.9 billion euros with the ECB at the 0.75

percent overnight deposit rate, up from 172 billion euros a day earlier, the central bank said today.

To contact the editor responsible for this story: Gabi Thesing at gthesing@bloomberg.net


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