ECB raises eurozone interest rate despite banking sector fears
Briefly

The European Central Bank has raised interest rates across the eurozone by 0.5 percentage points, despite fears that higher borrowing costs could set off a domino effect across the financial sector amid fears about the stability of Credit Suisse.Officials at the ECB, the central bank covering the 19-member euro-bloc, said inflation was likely to remain high for too long, forcing it to continue with its planned run of rate increases.
Read at www.theguardian.com
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