ECB suffers its first red numbers in two decades due to the rise in interest rates. The monetary authority closed last year with losses of 1,266 million euros.

It broke a streak of almost 20 years of profits in which it accumulated profits of 33.6 billion euros. The results of central banks, inside and outside the euro zone, are being dyed red by the rapid tightening of monetary policy to quell inflation.. The ECB accounts also include the reduction in the balance sheet that the entity has been making since the inflationary crisis began.