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Lagarde Says ECB Has Tools to Address Bond Market Turmoil
36Kr1 min read
Christine Lagarde said the ECB has mechanisms to respond to disruptions in the bond market. Markets currently speculate that the ECB may be most likely to have to step in to bring down French government bond yields. Speaking in Frankfurt on Thursday, she said, "If market developments threaten the smooth transmission of our monetary policy, including disorderly market moves without justification, we have tools available to respond, and the criteria and conditions for their use are well known." (Sina Finance)
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