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ECB's Lagarde: Markets have understood aim of bond buy ramp-up

04/09/2021 | 03:55pm EDT
FILE PHOTO: ECB President Lagarde attends a plenary session at the European Parliament in Brussels

FRANKFURT (Reuters) - Euro-zone bond investors have appeared to understand the European Central Bank's goal in ramping up bond purchases last month, ECB President Christine Lagarde told CNBC on Friday.

"Our action has been efficient... (and) markets have understood what we want to do and how we want to preserve favourable financing conditions," she said.

Lagarde's comments are among the clearest indications yet that the ECB is content with the recent retreat in inflation-adjusted yields and echoes statements from several Governing Council members this week who argued that current financing conditions are appropriate.

(Reporting by Balazs Koranyi; Editing by Leslie Adler)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.35% 0.6192 Delayed Quote.-1.34%
BRITISH POUND / EURO (GBP/EUR) -0.22% 1.1661 Delayed Quote.4.45%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.04% 0.674213 Delayed Quote.4.53%
INDIAN RUPEE / EURO (INR/EUR) 0.18% 0.011559 Delayed Quote.2.98%
US DOLLAR / EURO (USD/EUR) -0.02% 0.853242 Delayed Quote.4.04%
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