Four people familiar with the matter have revealed that the European Central Bank is considering several options, including raising the minimum reserve ratio, to reduce losses stemming from rising interest payments on excess reserves. President Christine Lagarde acknowledged on the 23rd that policymakers would discuss raising the minimum reserve ratio. Reuters estimates that lifting the ratio from the current 1% to 2% would save the ECB and eurozone national central banks around 4 billion euros a year. Other proposals include halting interest payments on part of the more than 2 trillion euros in excess reserves, imposing a fee, or scrapping the minimum reserve system altogether and charging banks a fee. However, policymakers are divided, and full-fledged discussions are expected to peak this autumn.