IFR Brief: Record ECB borrowing by Spanish banks
Spanish banks increased their ECB borrowing further in June to €365bn from €325bn in May. The breakdown shows that much of the increase came via an increasing reliance on MROs with borrowing via this window up from €9.2bn in May to €45bn in June. LTRO borrowing on the other hand went up marginally from €315bn to €320bn.
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