The monetary tightening initiated by the ECB sends its own balance sheet into the red, which closes with a loss of 1.3 billion euros in 2023 (zero in 2022) after the use of the financial risk fund for 6.6 billion euros.
This was announced by the central institute according to which the rise in interest rates has led to an increase in interest expenditure on the ECB's liabilities remunerated at variable rates.
The interest income received by the ECB, however, has not increased to the same extent or at the same pace, since the assets are mainly long-term and fixed rates.
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