FRANKFURT (Reuters) – The European Central Bank is ready to do more to avoid financial fragmentation in the euro zone, ECB board member Isabel Schnabel said on Thursday, after a significant widening of the spread between Italian and German bond yields.
“(The ECB) stands ready to adjust all of its instruments as needed … to avoid fragmentation that may hamper the smooth transition of our monetary policy,” she said during a webinar.
(Reporting by Francesco Canepa; Editing by Alison Williams)
