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ECB considers doubling bank reserve requirements to reduce interest expenses
2 sourcesFirst reported 20 days agoUpdated 19 days ago
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What all sources covered
- The European Central Bank (ECB) is considering doubling the minimum reserve requirements for banks from 1% to 2%.
- This change would mean that banks would need to hold a higher proportion of their deposits in unremunerated accounts.
- The ECB aims to reduce its own interest bill while also addressing inflation-related challenges.
- Reports indicate that the proposal has met strong opposition from Germany.
- The implications for banks' revenues in Greece and other member states are under analysis.
2 sources
Who reported first
Cyprus MailFirst
in.gr+1d
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