The hike — the 12th in a row — puts more pressure on borrowers
Committee needs data confirmation before rate cycle shifts
Central bank is prepared to raise interest rates further if required
The quarter-point increase comes a day after the Federal Reserve's identical move
Analysts say the ECB's meeting Thursday could end in a quarter- or half-percentage point rate hike
Officials want to see inflation decline consistently before considering major policy shifts
Cross-border credit, value of derivatives drops in Q4, BIS reports
EU member countries must thrash out the details of new rules, aimed at meeting ongoing monetary challenges
The rating agency downgraded 11 U.S. banks and lowered its rating outlooks on nine others
Declining bank liquidity to translate into tougher credit conditions, Fitch says