• European Central Bank has not increased the ceiling for Emergency Liquidity Assistance

Market news

27 May 2015

European Central Bank has not increased the ceiling for Emergency Liquidity Assistance

According to a person familiar with the matter, the European Central Bank (ECB) has not increased the ceiling for Emergency Liquidity Assistance (ELA) to Greek banks. The Bank of Greece has not requested to raise the ceiling. A Greek bank official noted that there is an unused liquidity buffer of €3 billion.

Under the ELA programme, the Greek central bank provides money to its country's financial institutions. The Bank of Greece has lent around €80.2 billion to Greek lenders.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.