ECB's deposits jumped

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/RS

Use of the ECB overnight deposit achieved a new high for 2011 after global central banks took a coordinated action to ease cost of USD borrowings. The deposit level reached EUR 304.42 billion on Wednesday up from EUR 297.112 billion on Tuesday. Banks borrowed EUR 4.638 billion from the overnight facility on Wednesday as compared with EUR 2.705 billion on Tuesday, ECB reported.

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