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- Liva & Laia : 15th November
Overnight bank deposits at the European Central Bank jumped, data showed on Monday, 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 116.751 billion euros at the ECB overnight, compared to 89.925 billion euros deposited previously.
The amount banks borrowed from the ECB's overnight account rose to 141 million euros from 119 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 issuing bank's balance sheet - over the next year, from both primary and secondary markets.
The ECB said the total purchased rose to 14.238 billion euros from 14.0 billion euros. It means the ECB is now roughly 23 percent of the way through the 60 billion euros it has earmarked to spend.