Bloomberg News

ECB Says Banks’ Emergency Overnight Borrowing Fell to EU3.5 Bln

October 26, 2011

Oct. 26 (Bloomberg) -- The European Central Bank said euro- area financial institutions borrowed less emergency overnight cash yesterday.

Banks tapped the ECB for 3.5 billion euros ($4.9 billion) at the marginal rate of 2.25 percent, down from 4 billion euros the day before, the Frankfurt-based central bank said today. Banks parked 201 billion euros in the ECB’s overnight deposit facility, up from 198 billion euros the previous day.

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