Your Daily Brief For March 17th

Your Daily Brief For March 17th

9 months ago1 min

Today's Stories

Today's Insight

Your Brief Summary

In today’s Daily Brief, we'll be looking at the European Central Bank's latest interest rate hike.

"After the chaos in markets from SVB's collapse and Credit Suisse's stock freefall, some were expecting the European Central bank to dial back or even halt its rate hiking campaign. But it plowed ahead, taking rates to their highest since late 2008."

Key takeaways:

  • The European Central Bank upped interest rates again – despite the banking industry’s vertigo
  • High-end British retailer John Lewis lost its luster for middle-class clientele


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