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Visco Says Ad Hoc Meeting Doesn’t Mean There’s Panic: ECB Update

Yhe headquarters of the European Central Bank (ECB) in Frankfurt.

Yhe headquarters of the European Central Bank (ECB) in Frankfurt.

Photographer: Alex Kraus/Bloomberg
Updated on

This week’s unscheduled meeting of the European Central Bank’s Governing Council doesn’t mean there’s panic over a selloff in the bonds of some of the euro zone’s more indebted members, according to Italy’s Ignazio Visco.

Visco spoke along with other ECB officials in Milan, where investors are watching out for clues on how a new tool to tackle unwarranted moves on government debt markets -- so-called fragmentation -- may look.