Banks not using most ECB cash for loans
- 12 years ago
Eurozone commercial banks may have borrowed over one trillion euros from the European Central Bank in cheap long-term loans, but they are not lending most of it on to businesses, individuals or even other banks.
Three quarters of that money -- 776.9 billion euros -- went straight back into ECB overnight accounts.
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http://www.euronews.net/
Three quarters of that money -- 776.9 billion euros -- went straight back into ECB overnight accounts.
...
http://www.euronews.net/