Fitch Forecasts Extended Losses for ECB and EU Central Banks

According to Fitch Ratings, the European Central Bank (ECB) and central banks across the European Union are expected to endure "prolonged losses" due to increased borrowing costs. The credit agency projects that the total loss for the Eurosystem will amount to 160 billion euros from 2024 to 2028, before accounting for provisions, reserves, and taxes. This loss is anticipated to decrease as the ECB begins to lower interest rates.

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