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- Liva & Laia : 15th November
Overnight bank deposits at the European Central Bank rose, data showed on Friday, while the amount of covered bonds purchased by the ECB as part of its 60 billion euro stimulus programme continued to edge up.
Banks deposited 89.925 billion euros at the ECB overnight onSept. 24, compared to 84.918 billion euros deposited previously.
The amount banks borrowed from the ECB's overnight account fell to 119 million euros from 130 million euros previously.
The amounts parked at the ECB's deposit facility have been high since it flooded money markets with almost half a trillion euros in one-year funds at the end of June.
The ECB and the 16 euro zone national central banks are also buying euro-denominated covered bonds - debt backed by a pool of assets such as mortgage loans that remain on the issuingbank's balance sheet - over the next year, from both primary and secondary markets.
The ECB said the total purchased rose to 14.0 billion euros from 13.530 billion euros. It means the ECB is now 23 percent ofthe way through the 60 billion euros it has earmarked to spend.