Greek deal: ECB will wait on Greek vote before another aid move

The European Central Bank has held off from expanding its aid for Greek lenders, signalling a desire to wait for the country’s legislators to approve reforms linked to a new bailout.

The governing council kept the cap on emergency liquidity assistance unchanged, an ECB spokesman said. Policy makers will probably wait for a two-day meeting in Frankfurt starting tomorrow before deciding whether to raise the limit.

Greece’s parliament will convene tomorrow to vote on a bailout package that includes a bank recapitalisation, potentially giving the ECB room to ease its liquidity restraints.