ECB keeps Greek banks' ELA cap stable

More specifically, the ECB estimated that there is no reason to change the lending cap for Greek banks via ELA. The same sources said that deposit outflows remained stable in the previous week.

This means that Greek banks will once again have a buffer of around 3.0 billion euros, and the situation will be reviewed again next week.

The European Central Bank (ECB) on Wednesday decided to keep the lending cap for Greek banks via the Emergency Liquidity Assistance (ELA) mechanism stable at 80.2 billion euros, according to sources.

More specifically, the ECB estimated that there is no reason to change the lending cap for Greek banks via ELA. The same sources said that deposit outflows remained stable in the previous week.

This means that Greek banks will once again have a buffer of around 3.0 billion euros, and the situation will be reviewed again next week.