ECB faces uncertainty and criticism over interest rate strategy.

Credit Suisse's announcement that it will borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence has eased some pressure on Europe's anxious banks but leaves the European Central Bank in a dilemma over whether or not it will aggravate the situation if it goes ahead with a planned interest rate hike on Thursday. The banking turmoil surrounding the failure of Silicon Valley Bank at the weekend and Credit Suisse's near-death experience question the wisdom of that if there's a risk of a credit crunch from the banking stress anyway.