- ECB's metrics do not show unwarranted fragmentation in any eurozone country – Reuters
Market news
21 July 2022
ECB's metrics do not show unwarranted fragmentation in any eurozone country – Reuters
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.
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