Economics
ECB’s Weidmann Says Size of Yield Increases Not Too Worrying
- Officials stand ready to adjust pace of bond buying if needed
- Bundesbank President speaks in interview with Bloomberg TV
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The recent rise in euro-area bond yields isn’t yet particularly worrying, according to European Central Bank Governing Council member Jens Weidmann.
At the same time, the Frankfurt-based institution stands ready to ramp up the pace of buying under its Pandemic Emergency Purchase Program if needed, he said, stressing that officials are committed to preserving favorable financing conditions for the broader economy.