Overnight deposits at ECB break 2011 high

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/afp
According to European Central Bank (ECB), overnight deposits parked by banks reached 2011 high last week. On Friday banks lent ECB EUR 288.429 bn compared to EUR 275.226 bn on Thursday. Amount of deposits indicates that banks favour lending money to ECB instead of giving it to their counterparties. Such reluctance might be caused by uncertainty regarding other banks' exposure to Eurozone debt.

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