ECB raises interest rates by 0.5% as banks stocks wobble
Edited By WION Video Desk
Published: Mar 16, 2023, 05:00 IST | Updated: Mar 16, 2023, 05:00 IST
Policymakers at the European Central Bank (ECB) announced Thursday that they would go through with a planned 0.5% interest rate hike as the institution juggles both inflation and financial uncertainty amid turmoil that has gripped financial markets after the recent collapse of the Silicon Valley Bank (SVB) in the U.S.
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