Credit Suisse funding stabilises markets as European Central Bank raises rates
Credit Suisse's 拢45bn funding from Switzerland's Central Bank seems to have stabilised European stock markets amid recent banking sector turmoil. Meanwhile, the European Central Bank raised interest rates in a move to curb inflation.
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Credit Suisse has secured 拢45bn funding from the Swiss Central Bank, stabilising European markets as the ECB raised interest rates to tackle inflation.