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ECB: overnight deposits hit new 2011 record

Yesterday, for the second day in a row, the overnight deposits of the European Central Bank reached the record levels of 2011: they rose to 313,763 billion euros compared to 304,43 on Wednesday

ECB: overnight deposits hit new 2011 record

Overnight deposits with the ECB rose to new records of the year yesterday, for the second day in a row, amid ongoing tensions on the Euroland currency markets. This emerges from the data of the ECB whose 'overnight' deposits, which pay 0,5% interest, they rose to 313,763 billion from 304,43 billion on Wednesday'.

These movements signal, observers say, that recent efforts by global central banks to ease market tensions do not calm eurozone currency markets.

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