Europe's central bank backs big rate hike despite bank chaos

Europe's central bank backs big rate hike despite bank chaos

Newsy

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ViewThe European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system.

The ECB hiked rates by half a percentage point Thursday,...

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