Deutsche Bank analysts say ECB President Lagarde will likely minimize comments on France. They expect a very high bar to activate the Transmission Protection Instrument (TPI) to calm eurozone sovereign spread volatility, but stress that using TPI to

2026-10-29

Deutsche Bank analysts say ECB President Lagarde will likely minimize comments on France. They expect a very high bar to activate the Transmission Protection Instrument (TPI) to calm eurozone sovereign spread volatility, but stress that using TPI to stabilize France would not contradict ECB rate hikes aimed at countering inflation.