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MNI: ECB 2024 Losses EUR7.9 Bn, Even As Balance Sheet Shrinks

Further losses for central bank in 2024 as past policy costs continue to bite.

MNI (LONDON) - European Central Bank losses totalled EUR7.9 billion in 2024, largely due to higher interest costs on liabilities accumulated during years of easy monetary policy.

The ECB made an operating loss of similar scale in 2023, but the overall loss was only EUR1.3 billion after a transfer from the risk provision fund. Carried losses on the balance sheet now total around EUR9 billion, to be repaid from future profits, before the risk provision fund is replenished.

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MNI (LONDON) - European Central Bank losses totalled EUR7.9 billion in 2024, largely due to higher interest costs on liabilities accumulated during years of easy monetary policy.

The ECB made an operating loss of similar scale in 2023, but the overall loss was only EUR1.3 billion after a transfer from the risk provision fund. Carried losses on the balance sheet now total around EUR9 billion, to be repaid from future profits, before the risk provision fund is replenished.

Keep reading...Show less