ECB raises rates 50bps despite warning EU banks could be vulnerable to hikes

The European Central Bank has raised its interest rates by 50 basis points, despite warning that European Union banks could be vulnerable to further rate hikes. On Tuesday (14 March), ECB vice president Luis de Guindos warned finance ministers that some European Union banks may be vulnerable to rising interest rates, according to Bloomberg reports. The revelation of the warnings was published just half an hour before the ECB published its latest monetary policy decisions, in which the bank chose to forge ahead with its programme of rate hikes. De Guindos spoke at the regular Ecofin...