
ECB forecast suggests 'we won't see mechanical rate hike the way we've gotten used to'
16 March 2023 - 6 minsThe ECB today have gone ahead with increasing interest rates by 0.5%. The decision has gone ahead even as the tense atmosphere in the banking system continues. Yesterday Swiss banking giant Credit Suisse shares dropped 30% and subsequentially soared this morning after it announced it would be borrowing 53.7 billion from the Swizz Central bank.
Kieran was joined by Economist Austin Hughes to discuss...