MILAN, March 6 (Reuters) - The Bank of Italy’s liabilities towards other euro zone central banks rose slightly in February, after touching a three year low the previous month, data showed on Friday.
Italy’s so-called Target 2 debt was up to 384.717 billion euros ($435.65 billion) compared with 383.248 billion euros in January, the Bank of Italy said.
A country’s Target 2 position is monitored as a sign of financial stress and imbalances within the euro zone. Target 2 debt could rise, for example, due to capital outflows.
Italy’s Target 2 debt hit an all-time high in August 2018, reaching 492.53 billion euros. ($1 = 0.8831 euros) (Reporting by Milan newsroom, editing by Sabina Suzzi)