ECB Says Banks’ Overnight Deposits Reach Highest Since July 2010
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The European Central Bank said financial institutions increased overnight deposits to the highest in more than a year.
Banks parked 199.6 billion euros ($266 billion) with the ECB on Sept. 30, up from 161.4 billion euros a day earlier, according to data published by the Frankfurt-based central bank today. That’s the highest since July 2010. Overnight borrowing at the marginal rate of 2.25 percent almost doubled to 1.4 billion euros from 765 million euros, it said.