Small font size A Larger text size A Largest text size A

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)

More Fixed Income News

As US Debt Crisis Deepens, 'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Looming Economic Peril: 'America Is In Serious Trouble Financially' BY Benzinga |ECONOMIC 01:02 PM EST
As US Debt Crisis Deepens, 'Rich Dad Poor Dad' Author Robert Kiyosaki Warns Of Looming Economic Peril: "America Is In Serious Trouble Financially" BY Benzinga |ECONOMIC 01:01 PM EST
Russia tries to unfreeze gold reserves for climate funds at COP28 BY Reuters |ECONOMIC 06:11 AM EST
China's consumer prices fall fastest in 3 years, factory-gate deflation deepens BY Reuters |ECONOMIC 12/08/23 09:38 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article