Financial stability risks add uncertainty to ECB policy path
Central bank broadly expected to deliver another 50bp rate hike, taking rates to 3%
Heightened financial stability risks pose a serious challenge to the European Central Bank (ECB) as it readies another rate rise on March 16.
Following the collapse of Silicon Valley Bank (SVB) last week, which also hit some regional US lenders, major European banks recorded hefty stock price losses today (March 15).
Although not headquartered in the eurozone, Credit Suisse led the rout with shares plummeting by more than 30% to an all-time low. Major eurozone lenders followed suit – France’s
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