The ECB continues to take advantage of the Fed's eased terms on dollar swaps, its borrowings...

|By:, SA News Editor

The ECB continues to take advantage of the Fed's eased terms on dollar swaps, its borrowings rising to $89.3B, the highest level since the crisis began and suggestive of the stresses remaining in the EU banking system. ECB statement here. Chart of borrowings showing the major ramp up since December here.