ECB's metrics do not show unwarranted fragmentation in any eurozone country – Reuters

Eren Sengezer FXStreet

The European Central Bank's internal metrics do not currently show an unwarranted fragmentation in any eurozone country, Reuters reported on Thursday, citing sources familiar with discussions.

Sources further told Reuters that the ECB does not expect the Transmission Protection Instrument (TPI) to be triggered imminently and that policymakers did not discuss any particular country on Thursday. "All eurozone countries currently eligible for ECB's TPI based on conditions outlined on Thursday."

Market reaction

The shared currency lost interest on this headline and the EUR/USD pair was last seen trading flat on the day at 1.0183.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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