ECB sees no need for drastic action to curb bond yields – Bloomberg

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As reported by Bloomberg, citing officials familiar with the discussions, the European Central Bank (ECB) does not see the need for drastic action to curb recent developments in the bond market, which led to a rise in the yields of public securities.

The information indicates that officials stated that the central bank believes that the risk to the economy is manageable through verbal interventions and flexibility in the respective purchasing programs.

Still, ECB officials continue to express concern about rising bond yields. President Christine Lagarde said last week: “The ECB is closely monitoring the evolution of nominal bond yields over the longer term.”

Next Thursday will be the meeting of the Governing Board of the ECB to decide on monetary policy.

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