ECONOMY

ELA cap on funds for Greek banks unchanged

ela-cap-on-funds-for-greek-banks-unchanged

The European Central Bank maintained the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank at 71.4 billion euros, the Bank of Greece said on Thursday.

The move reflected improving liquidity conditions in Greece’s banking sector, helped by the stabilization of private sector deposit flows, the Greek central bank said.

[Reuters]