De Guindos says the central bank is flexible to act if rising yields weigh on financing conditions

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We will have to see if the increase in nominal returns will have a negative impact on financing conditions.“said the vice president of the European Central Bank (ECB), Luis De Guindos, in an interview with Public on Tuesday.

Additional comments:

“If so, we are open to recalibrate our program“.

“The recent increase in yields is due in part to higher inflation expectations in the US.”

“That includes the amount of the PEPP, if necessary.”

“We have the flexibility needed to react“.

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