ECB’s Wunsch: Anti-fragmentation tool should have no limits if market moves are unwarranted

European Central Bank (ECB) policymaker Pierre Wunsch said on Tuesday that the central bank’s new “anti-fragmentation tool should have no limits if market moves are unwarranted.”

Additional quotes

ECB should avoid hard triggers based on spreads or single indicators for the anti-fragmentation instrument.

Credibility of fiscal policy should be key determining factor in the deployment of anti-fragmentation instrument.

Comfortable with a 50-bps rate hike in sept; 200 bps of hikes needed "relatively fast".

Inflation at risk of moving to a higher regime.