ECB sticks to planned 50 bps rate hike despite banking turmoil
ECB's decision comes amid financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilises
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: ECB sticks to planned 50 bps rate hike despite banking turmoil

### Response: ECB's decision comes amid financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilises