Group 1 - The German central bank reported a record loss of nearly 20 billion euros (approximately 23 billion USD) for 2024, marking the first annual loss since the 1970s, with indications of potential small-scale losses in the coming years [1][3] - The European Central Bank (ECB) also recorded a historic loss of 8 billion euros, raising concerns about the implications of such losses on the credibility of central banks [1][3] - The ECB's recent strategic review, which lasted nearly a year, aims to prepare for more frequent economic shocks and inflation fluctuations, while retaining all policy tools, including quantitative easing, without specifying their future usage [3] Group 2 - The German central bank emphasized the need to consider potential balance sheet risks when evaluating large-scale asset purchase tools in a low-interest-rate environment [1][3] - ECB decision-makers agreed to conduct a "comprehensive proportional assessment" before deploying unconventional tools, highlighting the importance of assessing the potential impact on the central bank's balance sheet [3] - Concerns were raised by officials and economists regarding the potential changes in the situation, despite the German central bank stating that current and foreseeable losses would not jeopardize the euro area's ability to maintain price stability [3]
QE成本显现：德央行亏损200亿欧元创纪录 欧央行未来刺激政策面临“亏损评估”
智通财经网·2025-07-16 13:53