ECB Says Banks’ Overnight Deposits Stay Close to Two-Week High

The European Central Bank said financial institutions’ overnight deposits stayed close to a two-week high.

Banks parked 164.1 billion euros ($223.4 billion) with the Frankfurt-based ECB yesterday, down from 165.1 billion euros the previous day. Euro-area banks increased overnight borrowing at the marginal rate of 2.25 percent to 726 million euros from 711 million euros the previous day.

The ECB currently lends banks unlimited liquidity in its refinancing operations at the benchmark rate of 1.5 percent.

To contact the reporter on this story: Christian Vits in Frankfurt at cvits@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.