The European Central Bank intends to ensure that its monetary policy is transmitted equally across the euro zone’s 19 member-states by preventing undue turbulence on government bond markets, according to Governing Council member Olli Rehn. “We are firmly committed to contain unwarranted fragmentation that would impair monetary-policy transmission,” Rehn told a panel Saturday hosted by the Federal Reserve Bank of Dallas, stressing that he was “speaking as a member of the Governing Council rather than on its behalf.” At the same time, Rehn -- a moderate on the interest-rate-setting panel -- addressed concerns that ... (full story)