Bundesbank reports first loss in over 40 years
Decision not to pay a dividend comes after ECB reported losses last week
Germany’s central bank has reported losses for the first time since 1979 as rising interest rates put pressure on net interest income and it suffered losses on reserves.
The Deutsche Bundesbank lost €172 million ($184 million) – after the European Central Bank itself reported a €1.6 billion loss last week – and is not expected to distribute profits to the government for a third year running.
The Bundesbank is facing a squeeze due to the €1.07 trillion mountain of debt it bought as part of the
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