WEEKLY NEWS | 27 MARCH 2023 | 191
THE MARKET WATCH
Nasi lemak is a traditional Singapore and Malaysian dish that is typically eaten for breakfast or brunch, but can also be enjoyed for lunch or dinner. It is made with fragrant rice cooked in coconut milk and pandan leaves, and
CYS Nasi Lemak Day
served with a variety of accompani-ments such as spicy sambal sauce, crispy fried anchovies, roasted peanuts, sliced cucumber, and a hard-boiled egg......
ECB hikes interest rates to highest level since financial crisis, ignoring market turmoil centred on Credit Suisse and European banks
The European Central Bank (ECB) today hiked interest rates 50 basis points despite concerns about Credit Suisse’s finances sparking turmoil in the bloc’s banking market.
President Christine Lagarde and co’s move was in line with expectations and takes Euro borrowing costs to three per cent, the highest level since the financial crisis in 2008.
Markets had been mulling whether the central bank of the 20 countries using the euro would climb down from its strong commitments to raise rates by a steeper amount to avoid amplifying volatility in the European sector.
Lagarde has repeatedly said the ECB will deliver several 50 point rises this year to tame inflation.
Sight deposits rise, indicating Credit Suisse took central bank liquidity
ZURICH, March 20 (Reuters) - Credit Suisse (CSGN.S) took a hefty chunk of liquidity from the Swiss National Bank last week, sight deposit data published by the central bank indicated on Monday. Total deposits held by banks overnight rose to 515.1 billion - Swiss
EU anti-corruption programme and Ukrainian Ministry of Infrastructure start cooperation
Ukraine’s Deputy Prime Minister for Rebuilding and Minister for Communities, Territories and Infrastructure Development, Oleksandr Kubrakov, and the head of the European Union Anti-Corruption Initiative (EUACI), Allan Pag Kristensen, signed a memorandum of understanding between the ministry and EUACI in Kyiv on 16 March.