European Central Bank (ECB) Governing Council member Olli Rehn said on Tuesday, “it is very likely that September rate hike is bigger than 25 bps.”
More comments
There won't be one single benchmark to measure fragmentation.
Will judge based on several parameters, criteria.
Also read: ECB's Rehn: Inflation provided reason to expedite normalisation of policy
Separately, ECB policymaker Kazimir was reported, as saying that negative rates "should be a thing of history" by September.
Market reaction
EUR/USD was last seen trading up 0.57% on the day at 1.0567.
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EUR/USD: Bulls remain in control and climbs to 3-day highs near 1.0570
