Also, we underline that we raised the projection of this year’s FDI to around EUR 3.4 bn. Data for the first ten months suggest that the FDI inflow exceeded last year’s entire inflow and that it has already amounted to more than EUR 3 bn since the start of the year.
These liquidity-providing operations do not have a direct effect on euro liquidity conditions, but are rather conducted to address the concerns of euro area banks regarding the limited availability of funding denominated in US dollars and are aimed at improving global funding conditions. 4.