Bank of Italy liabilities towards other central banks drop in May

June 8, 2015 9:21 AM

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MILAN, June 8 The Bank of Italy's liabilities towards other central banks of the euro zone fell in May to 164 billion euros ($183 billion) from 177 billion euros a month earlier, data showed on Monday.

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. Seasonal factors can also affect it.

Also read: Italy's Monte Dei Paschi Denies Any ECB Notice

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