Bundesbank and DNB announce large losses

Dutch central bank improves its profit forecast but Nagel anticipates continuing shortfalls

Deutsche Bundesbank
The Deutsche Bundesbank
Sebastian Weindel

The central banks of Germany and the Netherlands reported large annual losses on February 23, saying this was driven by interest rates’ impact on securities.  

The Deutsche Bundesbank reported a loss of around €20.3 billion ($22 billion) in 2023, while the Netherlands Bank (DNB) said it had lost almost €3.5 billion. The news may lead to controversy over the balance sheets of the national central banks in two of the eurozone’s most fiscally conservative countries. 

The announcements came a day

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