ECB faces uncertainty and criticism over interest rate strategy.

TL;DR
Credit Suisse's announcement that it will borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence has eased some pressure on Europe's anxious banks but leaves the European Central Bank in a dilemma over whether or not it will aggravate the situation if it goes ahead with a planned interest rate hike on Thursday. The banking turmoil surrounding the failure of Silicon Valley Bank at the weekend and Credit Suisse's near-death experience question the wisdom of that if there's a risk of a credit crunch from the banking stress anyway.
Topics:businessfinance#banking-stress#credit-suisse#european-central-bank#finance#interest-rates#market-volatility
- Morning Bid: Swiss lifeline, ECB dilemma Reuters.com
- European Central Bank raises rates by another 50 basis points despite market turmoil CNBC
- Big ECB Hike Called Into Doubt by Credit Suisse: Decision Guide Bloomberg
- The Irish Times view on the ECB meeting: clarity needed on interest rate strategy – The Irish Times The Irish Times
- EUR/USD: At risk of breaking below 1.05 if concerns over Credit Suisse are not resolved quickly – MUFG FXStreet
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