ECB to Speed Up Pandemic Bond Buys on Rates Fears

Frankfurt am Main, March 11 (AFP/APP): The European Central Bank said Thursday it would “significantly” step up the pace of its pandemic emergency bond buys to soothe market jitters about a recent rise in government bond yields.

The faster purchasing pace over the next quarter is aimed at “preventing a tightening of financing conditions” while the eurozone economy is still fragile, the bank said in a statement. The Frankfurt institution also left key interest rates unchanged.

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