ECONOMY

ELA unchanged for Greek banks

ELA unchanged for Greek banks

The European Central Bank maintained the cap on emergency liquidity assistance Greek banks draw from the domestic central bank at 51.8 billion euros, the Bank of Greece said on Thursday.

The move reflected stabilizing liquidity conditions in Greece’s banking sector, taking into account private sector deposit flows, the Greek central bank said.

The ceiling is valid up to November 2. [Reuters]

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