The European Central bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation.

The ECB lost 7.9 billion euros ($8.3 billion) last year, the second-straight year the Frankfurt-based institution has been in the red.

In 2023, the central bank was down 1.3 billion euros, its first loss since 2004 after an extended period of relatively low borrowing costs.

The figure for 2023 would........

© International Business Times