Lagarde will have to decide whether to increase the price of money by 0.5 as planned or limit it to 0.25. The decision comes after the Swiss National Bank confirmed it will give Credit Suisse the $54 billion it needs to “strengthen its liquidity”.
Euskaraz irakurri: Europako Banku Zentrala, ataka estuan: banquetxeen izuari aurre egin ala iragarritako tasen igoera gauzatu
What seemed to be sung is no longer so. The collapse of the Credit Suisse stock market, which fell 24% yesterday, and the banking panic that erupted across Europe will make the meeting of the European Central Bank (ECB) having to choose between reassuring the markets with a smoother rise of interest rates (0.25) or maintain its credibility and continue on the path of increases started a few months ago in its fight against inflation, ie raising interest rates by half a percentage point (0.5).
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
