Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”
The European Central Bank is expected to raise interest rates again mid-month
Steadier natural gas prices contributed to the improved outlook
3.5% growth could mask private consumption contraction
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
Inflation reached 10.7% in October, the highest since statistics began to be compiled for the eurozone in 1997
The move could deal the struggling global economy another blow
Energy prices up 40.8%
Christine Lagarde said the bank's baseline scenario was subdued economic growth