UK Business

The European Central Bank seems to have got away with raising interest rates in the middle of a banking crisis – here's why

Written by George Kladakis, Lecturer in Financial Services, Edinburgh Napier University

Not for turning: ECB President Christine Lagarde. Sueddeutsche Zeitung Photo

In the middle of a market panic that has felled two US banks and pushed several others to the brink, the European Central Bank (ECB) has raised interest rates by another 0.5 percentage points. The ECB’s president, Christine Lagarde, had been warning this was...

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