MILAN: The Bank of Italy's liabilities towards other central banks of the euro zone rose in June to 189 billion euros ($207 billion) from 164 billion euros a month earlier, data showed on Tuesday.
The Bank of Italy's position within the Target 2 system, which settles cross-border payments in the euro zone, is monitored because its rising can be a sign of financial stress. But seasonal factors also affect it.
In December Italy's Target 2 position hit a one-year high of 209 billion euros to decline by 45 billion euro a month later. June's level is the highest since March when it stood at 192 billion euros.
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