Lagarde pledges to step up bond buying to protect recovery
Euro trims gains and bonds rally after the ECB opts to accelerate government-debt buying
11 March 2021 - 17:19
Brussels — European Central Bank (ECB president Christine Lagarde on Thursday unveiled a new phase of the institution’s relationship with the bond market in a more-active policy to cap yields, front-loading stimulus to protect an economic recovery still taking time to emerge.
Lagarde said certain recent market moves would become “undesirable” if they persist, citing negative implications for the economy and inflation. She spoke after policymakers opted to accelerate government-debt buying...
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