The ECB is eyeing a major shift: doubling the cash reserve requirement for banks from 1% to 2%, potentially saving billions annually. This move follows losses in Germany and the Netherlands tied to past ultra-low interest rate policies, and comes as idle reserves earn zero interest while deposits with the ECB yield 2.25% — costing the Eurosystem nearly 50 billion euros a year. The change is expected to be debated soon under President Lagarde’s leadership.
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