The European Central Bank just brought in another big rate hike despite Credit Suisse rattling bank stocks

• The European Central Bank hiked interest rates by 50 basis points to 3.5% Thursday.
• It's the sixth time in a row that the central bank has raised borrowing costs.
• It has pressed ahead with its tightening campaign despite Credit Suisse's plunging share price rattling markets.

The European Central Bank raised interest rates by 50 basis points Thursday, pressing ahead with its campaign to tame inflation despite the threat of a potential banking crisis.