ECB's Holzmann calls for minimum reserve of up to 10% for commercial banks -WiWo

BY Reuters | ECONOMIC | 09/27/23 06:46 AM EDT

BERLIN, Sept 27 (Reuters) - European Central Bank (ECB) policymaker Robert Holzmann has called for commercial banks to hold a minimum reserve of up to 10% with the bank, German news outlet WirtschaftsWoche reported on Wednesday.

"I suggest that the banks deposit more money with us as a minimum reserve without interest, as was the case in the past," the Austrian central bank chief told WirtschaftsWoche in an interview. "I'm thinking 5 to 10%." (Reporting by Friederike Heine, Editing by Miranda Murray)

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