ECB: Schnabel, we will not tolerate spreads at guard levels

(ANSA) - ROME, JUN 14 - "While waiting for European capitals to improve the economic architecture of the Union, monetary policy will have to respond to destabilizing dynamics in the markets. We will not tolerate changes to financial conditions that go beyond fundamentals and threaten the transmission of monetary policy ".

    This was stated by Isabel Schnabel, a member of the executive committee of the ECB, during a speech at the Sorbonne in Paris according to which we are "closely monitoring market developments" and is ready to "react to new emergencies both using existing tools and potentially, with new tools" , to face "price adjustments that threaten the transmission of monetary policy".

(HANDLE).