ECB forecast suggests 'we won't see mechanical rate hike the way we've gotten used to' Image

ECB forecast suggests 'we won't see mechanical rate hike the way we've gotten used to'

16 March 2023 - 6 mins
Podcast Series The Hard Shoulder Highlights

The 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...

6 mins

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