ECB agreed to go forward with 50 bps hike after SNB threw lifeline to Credit score Suisse – Reuters

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Citing three sources conversant in the matter, Reuters reported on Thursday that European Central Financial institution (ECB) policymakers agreed to go forward with a 50 foundation factors enhance in key charges after the Swiss Nationwide Financial institution (SNB) “threw a lifeline” to Credit score Suisse.

Reuters additional famous that the ECB’s coverage debate was between a 50 foundation factors hike or leaving charges unchanged. There was no dialogue of a 25 bps hike.

Market response

EUR/USD gained traction on this headline and was final seen rising 0.45% on the day at 1.0622.