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MNI BRIEF: ECB 'Committed' To Policy Transmission Through EZ

(MNI) London

The European Central Bank is committed to maintaining policy transmission throughout the entire eurozone, President Christine Lagarde said Thursday, noting that tools either existed already, could be adapted from other tools or created from new to fight any fragmentation.

"We have an existing, flexible instruments - the reinvestment capacity under the PEPP - and if it is necessary we will deploy either existing adjusted instruments or new instruments that will be made available," she said.

MNI has previously reported on the difficulties the ECB is finding on agreeing the basics for a new fragmentation tool (MNI SOURCES2:ECB Mulls Crisis Tool As Officials Debate Spreads).

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
HomepageCentral Bank NewsPolicy NewsStoryCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefEuropean Central BankRegion
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