Greek Central Bank Said to Request 1.1 Billion Euros ELA Boost

Greece’s central bank is set to ask European Central Bank policy makers to sign off on an increase of 1.1 billion euros ($1.22 billion) to the maximum emergency funding it can provide to Greek lenders, people familiar with the discussions said.

Some policy makers want to allow the Greek central bank a much smaller increase or none at all, as Greece still has a funding buffer available and deposit outflows stabilized in the past week, the people said, asking not to be named as the discussions aren’t public.

An ECB spokesman declined to comment. The Greek central bank didn’t respond to a request for comment.

The ECB increased available Emergency Liquidity Assistance funding to 80 billion euros last week. The Governing Council meets in Frankfurt on Wednesday.

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