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BOE Says European Debt Concerns Persist as Yields Stay Elevated

The Bank of England said investors remain concerned about the euro-area outlook even after measures by policy makers helped reduced some tensions in markets.

“Concerns about the indebtedness and competitiveness of some euro-area countries persisted and remained a key influence on financial markets,” Chief Economist Spencer Dale wrote in the bank’s Quarterly Bulletin, published in London today. Still, in the three months to March 9, “financial-market sentiment improved considerably over this period amid a range of actions by policy makers, both in the U.K and abroad.”