Once the Svb fear on the markets has passed, the ECB will keep the rate course

The great fear of the Californian contagion evaporated within a day on the European stock exchanges which yesterday regained optimism after Monday’s collapse. Partly in the positive wake of Wall Street, which is betting on the Fed’s slowdown on interest rate hikes, partly due to the reassurances received from all sides, including Moody’s, on the solidity of European banks compared to the American Silicon Valley model Bank (Svb).