ECB Governing Council to Hold Emergency Ad Hoc Meeting

The transcript discusses an unexpected meeting in Brussels, speculated to address interest rates, ECB's role, and market fragmentation. It highlights market reactions to ECB's actions, particularly Isabel Schnabel's speech emphasizing commitment to the euro. The meeting's timing and potential outcomes are compared to past events, like the March 2020 pandemic response.

What historical context was referenced regarding previous unplanned meetings of the European Central Bank?

In what ways does the current situation reflect on the European Central Bank's commitment to the euro?