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ECB’s Holzmann proposes tenfold surge in banks’ interest-free minimum reserves

Holzmann’s proposal is based on the substantial profits that banks have reaped from unconventional monetary policy during past crises. He emphasized the importance of maintaining robust reserves for managing future crises effectively.

Despite expecting strong opposition from banks, Holzmann remains resolute in his stance. The ECB Governing Council member believes that his proposal is crucial for potential similar measures in the future.

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Source: Economy - investing.com

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