On Thursday, 21 December, the Governing Council of the European Central Bank (ECB) adopted legal acts, soon to be published in the Official Journal of the EU, on the regular five-yearly adjustment to the ECB’s capital key, which dated back to 1 February 2020, and the contributions of the various national central banks (NCBs).
The new capital key will come into force on 1 January 2024.
The ECB adjusts the NCBs’ shares in its capital every 5 years and whenever there is a change in...