ECB Is Discussing Crisis Strategy as Well as Pandemic Program Reinvestments
- Governing Council was scheduled for 11 a.m. Frankfurt time
- Two-hour emergency meeting to discuss market conditions
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European Central Bank officials are discussing a broader strategy to protect the integrity of the euro region as well as whether to use reinvestments of their pandemic asset-purchase program flexibly as a first defense, according to people familiar with the matter.
An emergency meeting of the Governing Council that began at 11 a.m. in Frankfurt is examining the ECB’s wider anti-fragmentation approach as it confronts a blowout of Italian bond yields, the people said, asking not to be identified as such discussions are private.