Bloomberg News

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

October 28, 2011

Oct. 28 (Bloomberg) -- The European Central Bank said banks increased overnight deposits to the most in more than two weeks.

Euro-area banks parked 218.1 billion euros ($308.8 billion) with the ECB overnight, up from 204.4 billion euros the previous day and the most since Oct. 10. They borrowed 2.7 billion euros in emergency overnight funds at the marginal rate of 2.25 percent, up from 1.8 billion euros a day earlier.

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


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