Bank Deposits Continue to Grow at the ECB

“FRANKFURT—Banks’ deposits at the European Central Bank’s overnight facility reached a new all-time high Tuesday, while borrowing from the overnight lending facility marginally increased compared with Monday.

Banks parked €453.18 billion ($591 billion) in the ECB’s overnight deposit facility, which pays a 0.25% interest rate, up from €446.26 billion Monday, ECB data showed Wednesday. That breaks the all-time record set last week of €452.03 billion.”

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