‘ECB has flexibility to react to yield rise’
By IANS| Published: 3rd March 2021 11:40 am IST
Brussels, March 3 : The European Central Bank (ECB) has the flexibility to react if it concludes that the recent increases in bond yields would have a negative impact on financing conditions, the bank’s Vice President Luis de Guindos said.
The ECB has recently seen an increase in yields, which is partly due to the expectation of higher inflation in the US following the new stimulus package, as well as the increase in commodity prices and the recovery in global demand, Xinhua news agency quoted de Guindos as saying to the Portuguese newspaper Publico on Tuesday.