BEIJING (MNI) – European Central Bank officials are considering
plans to guide investors towards a target or range for yields on bonds
issued by Spain and other countries deemed at risk, the Wall Street
Journal reported Monday.
The report, which cited a person familiar with the matter, said
discussions about informal and flexible objectives for shorter-maturity
yields are ongoing, with nothing likely to be finalized by the September
6 policy meeting at the earliest.
The Wall Street Journal said the ECB is discussing publicly
communicating details on the amount and types of bonds it would be
purchasing in an effort to achieve yield objectives.
The ECB last week denied a Der Spiegel article suggesting that the
bank was considering capping yields on bonds, insisting the report was
“absolutely misleading.”
The newspaper said an ECB spokesman wouldn’t comment, referring
back to last Monday’s statement that “it is absolutely misleading to
report on decisions which have not yet been taken and also on individual
views, which have not yet been discussed by the ECB’s Governing Council,
which will act strictly within its mandate.”
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[TOPICS: M$$EC$,M$X$$$,M$$CR$]