Bloomberg News

ECB Says Banks’ Overnight Deposits, Emergency Borrowing Fell

October 25, 2011

Oct. 25 (Bloomberg) -- The European Central Bank said banks in the euro area accessed less emergency overnight funding and deposits also fell.

Financial institutions borrowed 4 billion euros ($5.6 billion) at the rate of 2.25 percent, the ECB said, down from 4.6 billion the previous day. Banks also parked 198 billion euros with the Frankfurt-based central bank, down from 202 billion euros the day before.

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To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

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


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