European Central Bank: ECB makes loss for the first time in almost 20 years. Increased interest rates are to blame.
As was the case last year, there will be no usual distribution of profits to the eurozone central banks. The last time the ECB reported a loss of 1.6 billion euros was in 2004. The ECB will probably suffer losses in the next few years, but will then probably make sustainable profits again, the monetary authorities said. Despite possible losses, the ECB can in any case "work effectively and fulfill its main mandate of maintaining price stability"