ELA funding down by 8.6 bln in Dec for sharpest drop since July

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity
Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH
Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

Greek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday.

In absolute terms, Central Bank funding landed at 107.51 billion at the end of December, which is the lowest reading since March 2015.

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