Fresh money from the ECB

Tomorrow is an important date for the ECB. Two operations will came to maturity:.

The first one is the MRO, reference 20100117, amount 179,69410 bn Euro.
The second one is a LTRO, reference 20100118, amount 63,61772 bn Euro.
The ECB informs us, through its website, that the MRO will be renewed for the amount of 197,2832 bn Euro, and the LTRO  will be renewed for the amount of 68,06642 bn Euro.

The liquidity in the monetary system, due to the MROs, is at its high since 21st July 2010.
The liquidity in the monetary system, due to the LTROs, is at its high since 10th November 2010.

It seems that the banks need money in the short term. They won't to run out of cash during the Xmas holidays and the end of the year.

Since tomorrow, the banks have 22,037 bn Euro of EASY MONEY to count on, for their affairs.