Swiss National Bank hiked its key interest rate on Thursday
Some customers were caught off guard by the turmoil, at odds with Switzerland's reputation as as stable banking haven
The European Central Bank said it's monitoring current market tensions closely
The ECB is expected to hike rates by a half-point on Thursday
3.5% growth could mask private consumption contraction
Growing macroeconomic headwinds weighing on credit outlooks, Fitch says
The Bank of England and Swiss National Bank also dialed back their increases
CPI in the 19 countries hit 10% in November, down from 10.6% in October for the first decrease since June 2021
Britain’s GDP dropped 0.6% in September while recession will start in Q4 for most EU nations
The central bank is taking the step to support the European Union's climate goals