Lagarde: Gov't bond yields don't impact financial conditions assessment

Thursday, 21. January 2021 15:05

European Central Bank (ECB) President Christine Lagarde said on Thursday that the ECB's aim is to preserve favorable financial conditions in the euro area to help it achieve its mandate.

Speaking at a press conference, she specified that the assessment of favorable financial conditions is not "driven by a single indicator," singling out bank lending, credit conditions, corporate yield and sovereign bonds yield as some of them.

She also noted that government bond yields are important but that the ECB does not see it pose an issue for financial conditions.

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Breaking the News / MS