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Credit Suisse funding stabilises markets as European Central Bank raises rates

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European stock markets appear to have stabilised after Credit Suisse secured £45bn in funding from Switzerland's central bank.

Despite the recent turmoil in the banking sector - in part caused by the cost of borrowing - the European Central Bank decided to raise interest rates in an attempt to curb inflation.

#creditsuisse #europeancentralbank #interestratehike #europeanmarket #skynews

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Category
World
Tags
credit suisse, credit suisse news, credit suisse crisis
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