/ world today news/ Following the closure of US Silicon Valley Bank and Signature Bank, the European Central Bank’s plan to raise interest rates will face stronger opposition at this week’s monetary policy meeting.
Some European officials believe that more precautionary measures are needed because of the changed economic environment.
The ECB is expected to publish a decision on the value of the new key interest rates on March 16. Last month, the bank announced a 50 basis point interest rate hike and confirmed its commitment to continue the 50 basis point increase in March.
#European #banking #market #certainly #feel #impact #closed #banks #USA
