Economics
What to Watch for When ECB Unveils Its Anti-Fragmentation Tool
The devil will be in the detail when President Christine Lagarde presents a new market-calming measure to investors
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When the European Central Bank unveils a new bond-purchase program to ensure interest-rate increases won’t stoke speculation in the debt of Italy other weaker members, the details will be crucial.
How much of which assets policy makers are prepared to buy, and under what kind of circumstances and conditions, are elements still being debated by the Governing Council ahead of Thursday’s decision. Many details may remain secret when President Christine Lagarde unveils the plan, to bolster its effectiveness.