ECB hikes interest rates despite banking turmoil

France 24 Videos

The European Central Bank has raised key interest rates by 0.5%, despite recent turmoil in the banking sector. John Leer, chief economist at Morning Consult, said he expects most central banks to stay the course as they fight high inflation – and that could affect more lenders. "As interest rates start rising, I think we will see more and more poor risk management, more poor decisions having been made by banks, and it's really a matter of time for those decisions to be exposed," he told FRANCE 24.


Read more on FRANCE 24 English

Read also:
Large US banks inject $30 billion into First Republic Bank in effort to stem crisis
Collapse & chaos: SVB, Signature Bank failures spark global panic
Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifeline

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