Economics
ECB Council to Hold Emergency Meeting to Address Market Selloff
- Italian yields have surged above 4% this week, spreads widened
- The meeting is set to take place at 11 a.m. Frankfurt time
This article is for subscribers only.
The European Central Bank’s Governing Council will hold an unscheduled meeting to discuss the recent selloff in government bonds, which has grown in intensity after plans were announced to begin raising interest rates from record lows.
The rate-setting panel will convene on Wednesday “to discuss current market conditions,” according to an ECB spokesperson. The meeting will begin at 11am Frankfurt time, a person familiar with the matter said. A statement may follow.