Euro, bond yields fall as ECB refrains from naming stimulus rollback date
Published by
Reuters UK

LONDON (Reuters) -Europe’s single currency and government bond yields across the region fell on Thursday after the European Central Bank signalled a steady reduction of stimulus over the coming months but refrained from switching to a more hawkish stance. Bond yields have marched higher in recent weeks as investors bet the ECB will hike rates sooner rather than later to curb inflation which, at 7.5%, is well above its 2% target. But the ECB concluded its latest meeting with cautious steps to unwind support and avoided a hard schedule. It confirmed the direction of travel with few specifics bey…

Read More

Recent POSTS

advertisement

ADVERTISEMENT