The decision comes after the Swiss National Bank confirmed it will give Credit Suisse the €50.6 billion it needs to “strengthen its liquidity”.
Euskaraz irakurri: Interest rates puntu erdi igo ditu Europako Banku Zentralak, % 3.5eraino
The European Central Bank (ECB) raised interest rates again this Thursday by half a percentage point to 3.5%, despite the Credit Suisse crisis and banking panic in the financial system across Europe. According to the ECB, the banking sector in the euro area is resilient and has strong capital and liquidity positions.
This is the sixth consecutive increase in the cash price, which reached its highest level at the end of 2008.
It also increased the credit facility, which lends to banks overnight, by 50 basis points, to 3.75%, and the deposit facility, which reimburses excess reserves overnight, to 3%.
We complete the data…
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.
