Economics
ECB Downplays Yield Concerns, Signaling No Drastic Action Needed
- Policy makers believe verbal interventions are having impact
- Unclear if bond-buying has been stepped up in recent days
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European Central Bank policy makers are downplaying concerns over rising bond yields, suggesting they can manage the risk to the euro-area economy with verbal interventions including a pledge to accelerate bond-buying if needed.
ECB Governing Council members, who meet next week to set policy, see no need for drastic action such as expanding the overall size of their 1.85 trillion-euro ($2.24 trillion) emergency asset-purchase program, according to officials familiar with internal discussions.