The European Central Bank has indicated that there will be no rises in interest rates in the near fu...
The European Central Bank has indicated that there will be no rises in interest rates in the near future even though an inflationary threat has emerged. 'Recently the performance of European bonds has been poor,' said John McNeill, investment manager at Brittanic Asset Management. 'We have seen the yield falling from the end of March to May. The US bond market set the tone for the European market.' The European Central Bank, which uses inflation not growth targets as the touchstone of monetary policy, has been clear, McNeill says. 'The ECB has shown concern about the rate of inflation...
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