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ECB to Activate First Line of Defense in Bond Market on Friday

  • Flexible PEPP operations can start as APP ends, Lagarde says
  • Officials are also working on a separate fragmentation tool
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WATCH Christine Lagarde at the ECB Forum on Central Banking in Sintra, Portugal.Source: Bloomberg
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The European Central Bank will activate the bond-purchasing firepower it’s earmarked as a first line of defense against a possible debt-market crisis on Friday, according to President Christine Lagarde.