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Lane says ample monetary accommodation will continue to be provided for an extended period

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The European Central Bank (ECB) is closely monitoring the evolution of nominal bond yields over the longer termECB chief economist Philip Lane said Thursday, Reuters reported.

Additional comments:

“We will have to continue to provide ample monetary accommodation for an extended period“.

“The two key yield curves in the euro area are the overnight index swap curve (OIS) and the GDP-weighted sovereign bond yield curve.”

Our monetary policy measures can help preserve the OIS yield curve and the GDP-weighted sovereign yield curve at favorable levels.“.

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