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ECB rate hikes result in record loss in 2024
This is Beirut, 20/02 16:15 - Reading : 2 minute(s)
The European Central Bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation. The ECB lost 7.9 billion euros ($8.3 billion) last year, the second straight year the Frankfurt-based institution has been in the red. In 2023, the central bank was down 1.3 billion euros, ...