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(Bloomberg) There are better ways than yield curve control to achieve favorable financing conditions in the euro area, given the differences between its 19 member states, according to European Central Bank Governing Council member Olli Rehn.Yield curve control, proposed as one option to consider by, among others, Spanish central bank Governor Pablo Hernandez de Cos, “would be a rather mechanical approach” to the question of financing conditions, and “not sensible” given the euro area has at least 19 different yield curves, Rehn said in an interview on Finland’s YLE TV1.The ECB is buying bonds to limit the differences between yields for the strongest and weakest economies in the euro zone, officials familiar with the matter told Bloomberg earlier this month. The central bank has specific ideas on what spreads are appropriate, according to one person, emulating the so-called yield curve control deployed by the Bank of Japan and Reserve Bank of Austral ....

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