March 25, 2020 / 10:24 AM / 13 days ago

Euro zone banks tap ECB for more dollars but demand eases

FRANKFURT, March 25 (Reuters) - Euro zone banks tapped the European Central Bank for $45.1 billion on Wednesday, mainly using a special 84-day facility put in place to accommodate a dash for cash triggered by the coronavirus outbreak, ECB data showed on Wednesday.

But demand was slowing compared with last week, when banks took up $112.1 billion. Of the $36.27 billion in ECB credit that was coming due on Wednesday, banks rolled over less than half, or $17.27 billion.

The ECB can lend U.S dollars to euro zone banks thanks to a swap line arrangement it has with the U.S. Federal Reserve. (Reporting By Francesco Canepa; Editing by Hugh Lawson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below