ECB raises eurozone interest rate despite banking sector fears - European Central Bank

Concerns half-point could set off domino effect across financial industry knocked by Credit Suisse crisis The European Central Bank has raised interest rates across the eurozone by 0.5 percentage points, despite fears that higher borrowing costs could set off a domino effect across a banking sector already reeling from a collapse in confidence in Switzerlands second largest lender, Credit Suisse . Officials at the ECB, th