Published 1 year ago

ECB raises rates as planned despite banking turmoil

Summary by Ground News

The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilises.

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Times of India

ECB raises rates as planned despite banking turmoil

The ECB has been raising rates at its fastest pace on record to curb inflation, but a rout in global markets since the collapse of Silicon Valley Bank in the United States last week had threatened to upend those plans at the last moment.

1 year ago·India

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The Guardian

ECB raises eurozone interest rate despite banking sector fears

Half-point rise comes as European markets recover from sell-off following Credit Suisse crisis

1 year ago·London, United Kingdom

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Reuters

ECB cuts through bank turmoil to keep rate hike pledge

The European Central Bank raised interest rates as promised by 50 basis points on Thursday, sticking with its fight against inflation and facing down calls by some investors to hold back on policy tightening until turmoil in the banking sector eases.

1 year ago·United Kingdom

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Global News

European Central Bank hikes rates 50 basis points despite banking turmoil - National

The European Central Bank forged ahead with a half-percentage-point increase to its benchmark interest rate on Thursday amid global banking uncertainty.

1 year ago·Toronto, Canada

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Irish Independent

Europe’s central bank backs big rate hike despite bank chaos

The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.

1 year ago·Ireland

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Washington Times

Europe’s central bank backs big rate hike despite bank chaos

The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.

1 year ago·United States

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