ShreeMetalPrices: European Central Bank raises interest rates despite two banks collapsed in a week
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The European Central Bank (ECB) raised interest rates by 50 bps on Thursday. Less than twelve hours after Credit Suisse was given a 50 billion Swiss franc (53.94 billion dollar) lifeline.Notwithstanding recent market turbulence, the central bank continued with a 50 bps increase. Gold rose along with borrowing prices for European govt bonds, even as […]