Overnight deposits at ECB edge higher

FRANKFURT: Commercial banks parked just over 17 billion euros at the European Central Bank overnight and took 30 million in overnight funding, figures on Tuesday showed.

The ECB reported the following daily data on liquidity provision, in millions of euros.

The ECB's latest reserves maintenance period began on Wednesday. The amount of excess liquidity in the system currently stands at just over 41 billion euros according to Reuters calculations.

In June the ECB said it had completed its year-long covered bond buying programme. The total amount purchased occasionally fluctuates due to valuation issues.