The European Central Bank on Thursday raised its key rate by 50 bp, following its previously announced plan. This was the third such hike in a row. European stock indexes reacted positively, closing with an increase of up to 2%.

The regulator made the decision despite the difficulties in the banking sector - it said it considers the latter to be stable. However, unlike his previous statements, this time he did not give any information regarding further rate hikes, but noted that inflation will remain high for a long time, investing.com wrote.

However, respected economist Nouriel Roubini considers the ECB's move wrong - according to his assessment, it threatens to bankrupt the Swiss bank Credit Suisse, whose shares collapsed to a new low yesterday.

Gold, which rose to six-week highs amid problems with banks, pulled back Thursday, falling about 0.40% to $1923.45 by late afternoon.