The question among traders and investors is whether the central bank’s relentless rate hikes, which some have blamed for sparking the biggest meltdown in the banking sector since the global financial crisis, might be at an end.
Credibility “is not destroyed, but it’s not good,” the association’s chairman Marcel Rohner told a news briefing. But Credit Suisse CEO Ulrich Koerner, who was expected to attend dropped out and the event was closed to media. Top central banks promised at the weekend to provide dollar liquidity to stabilize the financial system to prevent the banking jitters from snowballing into a bigger crisis.
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yeah!!!....im still broke