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ECB ready to speed up money printing to check bond yields
The widely expected move comes after a steady rise in yields since the start of the year that has mostly mirrored a similar move in US Treasuries rather than reflecting improved economic prospects
Reuters | March 11, 2021 | Updated 21:33 IST
ECB President Christine Lagarde
The European Central Bank said on Thursday it was ready to accelerate money-printing to keep a lid on euro zone borrowing costs, signalling to sceptical markets it was determined to lay the foundation for a solid economic recovery.
Concerned that a rise in bond yields could derail a recovery across the 19 countries that share the euro, the ECB said it would use its 1.85 trillion Pandemic Emergency Purchase Programme (PEPP) more generously over the coming months to stop any unwarranted rise in debt financing costs.
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