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

Noticias del mercado

27 mayo 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.

Belgium: Business Climate, May -4.9 (forecast -6)

Foreign exchange market. European session: the euro traded lower against the U.S. dollar after the mixed economic data from the Eurozone

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