ECB lowers ELA cap for Greek banks by 1.1 bln euros
The European Central Bank on Thursday lowered its Emergency Liquidity Assistance (ELA) cap on the amount that Greek banks can draw from the Bank of Greece (BoG) by 1.1 billion euros, with the limit now at 44.2 billion euros.
The new ELA ceiling is valid until June 21.
According to the central bank, the move reflected liquidity conditions, taking into account private sector deposit flows.
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