Thread: ECB Interest Rates

European Central Bank raises rates by another 50 basis points despite market turmoil

Credit Suisse shares tumbled by as much as 30% in Wednesday intraday trade.

The whole banking sector ended Wednesday’s session down by about 7%.

Initial pressures on the banking sector emerged last week, when U.S. authorities deemed Silicon Valley Bank insolvent.

https://www.cnbc.com/2023/03/16/ecb-...rate-hike.html