ECB’s Enria: Low interest rates are now hurting banks; issue to persist

The European Central Bank (ECB) top supervisor Andrea Enria said on Tuesday, low ECB interest rates are now hurting bank margins more than they are boosting lending volumes.

Additional quotes

"The margin effect has been prevailing so there is a negative effect on bank margins but this is likely to persist for a while.”

“The low-rates environment had been a net positive for banks until mid-2020.”