Aggressive rate hikes lead to ECB's record annual loss
Edited By WION Video Desk
Published: Feb 23, 2024, 05:20 IST | Updated: Feb 23, 2024, 05:20 IST
The European Central Bank (ECB) reported a record annual loss of 1.4 billion dollars in 2023 due to aggressive interest rate hikes. Further losses are expected. These losses stem from the ECB's efforts to maintain price stability.
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