ECB seeks to cut subsidy to banks as rate hikes leave it on hook, sources say

The European Central Bank is studying ways of cutting a subsidy to banks that stands to cost it tens of billions of euros in interest, four sources told Reuters, in a move that is likely to attract a backlash from lenders. To fight runaway inflation, the ECB has raised the rate it pays on the …

https://www.hellenicshippingnews.com/ecb-seeks-to-cut-subsidy-to-banks-as-rate-hikes-leave-it-on-hook-sources-say/