Economics
ECB’s Kazimir Urges Faster Fiscal Response as Bond Yields Curbed
- Gains in sovereign yields haven’t been ‘dramatic for now’
- Slovak central banker says EU fiscal response is lagging U.S.
This article is for subscribers only.
The European Central Bank is shielding the euro-zone economy from higher bond yields partly because the region is rolling out its fiscal stimulus too slowly, according to policy maker Peter Kazimir.
While the rise in euro-area government bond yields this year isn’t “dramatic for now,” the Slovakian central bank governor said the ECB wanted to shore up confidence that the region wouldn’t suffer from higher borrowing costs sparked by the $1.9 trillion U.S. fiscal package.