EURAUD after ECB hikes 50bps 3/2023 pullbacks wait short longter

Citing three sources familiar with the matter, Reuters reported on Thursday that European Central Bank (ECB) policymakers agreed to go ahead with a 50 basis points increase in key rates after the Swiss National Bank (SNB) "threw a lifeline" to Credit Suisse.

Reuters further noted that the ECB's policy debate was between a 50 basis points hike or leaving rates unchanged. There was no discussion of a 25 bps hike.