ECB Focuses on Inflation, Not Bond Spreads, Nagel Says
5 Articles
5 Articles
The President of the Bundesbank, the central bank of Germany, and member of the Council of the European Central Bank (ECB), Joachim Nagel, said on Thursday that the ECB's securities purchase instruments were designed to preserve price stability, not to focus on specific sovereign securities spreads, at a time when a wave of French government securities sales feeds speculation on a possible intervention.
ECB focuses on inflation, not bond spreads, Nagel says
By Marc Jones LONDON, Oct 1 (Reuters) - European Central Bank policymaker Joachim Nagel said on Thursday the ECB's debt-buying tools are designed to safeguard price stability, not target specific sovereign bond spreads, as a selloff in French governm...
Bundesbank president and European Central Bank Council member Joachim Nagel said that the ECB's instruments for buying government bonds are not intended to determine or limit the difference between the yields of individual eurozone countries. His statement followed a strong sell-off in French government bonds, which fueled speculation that the ECB might...
France is in the spotlight as bond yields soar.
European Central Bank Governing Council member Joachim Nagel said on Thursday that the ECB's debt purchase tools are designed to ensure stability... Nagel: ECB focuses on inflation, not bond spreads - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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