ZZR – Reference interest rate remains at 1.57% as of 31.12.2023.
With the publication of the “Bezugszins” (10-year zero-coupon euro swap rate) for September 2023 by the Deutsche Bundesbank, the “Referenzzins” for the calculation of the additional reserve requirement (“ZInsszusatzreserve” or “ZZR”) as at 31 December 2023 is fixed. As in the two previous years, it will be 1.57%. The calculation method of the Referenzzins according … Read more …