Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

EconomyMacroeconomy Tags: Banking, BoG, ECB, Liquidity

Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.

Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also reflecting increased interbank repos and ongoing loan deleveraging.  

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