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2025-08-01 17:31:32
[Market liquidity indicator: ECB overnight deposits hit a new high, while banks' willingness to borrow plummeted to zero] ⑴ On Friday (August 1st, Beijing time), the latest data released by the European Central Bank (ECB) showed that the use of overnight deposit tools reached 2565.964 billion euros. ⑵ This figure not only exceeded the 2554.861 billion euros of the previous trading day, but also set a new historical high. ⑶ The surge in the use of deposit tools reflects the ample liquidity in the eurozone banking system. ⑷ At the same time, the use of overnight borrowing tools plummeted from 48 million euros in the previous trading day to zero. ⑸ This data shows that banks no longer have any demand for borrowing, further confirming the loose state of market liquidity. ⑹ The ECB's current account holdings also decreased from 243.713 billion euros the previous day to 210.541 billion euros. ⑺ These changes in market trading psychology and bank behavior are a direct reflection of the current eurozone monetary policy environment and market funding conditions.
