ECB rate hike plans clouded by financial turmoil

"Unless the ECB sees the inflation outlook significantly different than one week ago, anything but a 50 basis point move would be a big mistake and hurt credibility," Danske Bank economist Piet Haines Christiansen said.

This outlook is so worrying that prior to the turmoil in the banking sector, which could derail the ECB's strategy and the whole economy, a long list of policymakers had advocated rate hikes continuing beyond March.the ECB's resolve and have dialled back bets on the size of Thursday's move and subsequent rate hikes. Money market pricing suggests that investors now see just a 30% chance of a 50 basis point increase, down from as high as 90% early on Wednesday.

Hoping to prop up confidence, the Swiss National Bank said late on Wednesday that it was ready to provide Credit Suisse with liquidity, if necessary, though the bank met all capital and liquidity requirements. ECB President Christine Lagarde will almost certainly try to reassure investors on the health of the bloc's banks, arguing that they are better capitalised, more profitable and more liquid than during previous periods of turmoil.

Russian sanctions are working as intended; to cause pains to Western citizens

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Major European bank tells Credit Suisse to seek urgent central bank liquidity backstop - sourceA major European bank has held talks with Credit Suisse, urging the lender to seek an urgent central bank liquidity backstop, according to a source with knowledge of the discussions. Just in time I don't understand any of this. Why bank after bank is getting bankrupt? kpps Let’s hope the shit doesn’t hit the fan again like in 2008 😱
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Credit Suisse Turmoil: Swiss Central Bank Will Support Troubled Bank ‘If Necessary’The Swiss National Bank said it would provide liquidity to Credit Suisse if needed, but maintained the bank meets capital requirements imposed on “systemically important banks.” Bailouts are back baby!! It sounds like Hank Paulson’s „bazooka”
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