According to the Bceao which gives the information in its monthly note of statistics, the positive balance of transactions with

States and other net factors (+290.7 billion), in particular in connection with the payment of public bills due dates, had a moderating effect.

It points out that the analysis of the implementation of the minimum reserve regime, at the end of the maintenance period due on 15 July 2020, shows a surplus situation for EU banks in relation to the required reserves.

Banks' free reserves, valued over the period, amounted to 1,472.4 billion, or 190.8% of the required reserves.

The level of reserves of EU banks is up by 167.4 billion or 7.5% compared to the situation of the previous month.