Eurosystem funding down by 2 bln in Oct for fourth straight fall

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday.

Since July, Central Bank funding has been reduced by 7.19 billion.

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