French Interest Rate: ECB Intervention in France Is Not Justified, According to the Governor of the Bank of France
5 Articles
5 Articles
France's benchmark 10-year bond is nearing 5%, a level not seen since 2002, as dubs about the French government's ability to rein in spending grow.
"When disorderly and unjustified market movements can disrupt the transmission of monetary policy, we have instruments in the ECB's toolbox, allowing us to buy back state bonds on the secondary market," he said. "But their use is justified by very strict conditions. And today, these conditions are not met. There is no financial fragmentation of the euro area," said Moulin during an interview in Bangkok. "On the debt market, France suffers from i…
Despite the rise in French debt yields, Emmanuel Moulin believes that the conditions for intervention by the European Central Bank are not met.
Faced with the surge in French debt yields, it is not yet an issue for the European Central Bank to intervene, according to Emmanuel Moulin.
Emmanuel Moulin believes that the conditions are not in place for the European Central Bank to buy back French debt, while the rate at the end of the day is the same as the rate at the end of the day.The Bank of France calms the game on the debt, without closing the door to the ECB appeared first on Le Singulier.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
