The quarter-point boost is the European Central Bank's eighth straight increase in interest rates
The eurozone had a technical recession, with output dropping in Q4 2022 and Q1 2023
"There is no clear evidence that underlying inflation has peaked," ECB head says
Inflation and U.S. bank turmoil still pose challenges
The quarter-point increase comes a day after the Federal Reserve's identical move
Swiss National Bank hiked its key interest rate on Thursday
The European Central Bank said it's monitoring current market tensions closely
Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”
The European Central Bank is expected to raise interest rates again mid-month
Steadier natural gas prices contributed to the improved outlook