ECB raises interest rates by half a percentage point despite the banking crisis – central banks

Actually, the interest rate meeting of the European Central Bank (ECB) on Thursday should have been a formality. After all, the leadership of the central bank headed by Christine Lagarde leaned unusually far out of the window in March when, after the previous rate hike in February of half a percentage point, they promised another one of the same magnitude in March. However, the day before, the major Swiss bank Credit Suisse, which had gotten into a tailspin, had to ask the Swiss central bank for help, which was also granted in the form of a loan of up to 50 billion Swiss francs. The alleged liberation in the course of combating inflation became a boomerang for the ECB because of the crisis that had flared up in the banking sector.