ECB's Lane says day-by-day changes in bond yields don't matter

[November 11, 2016]  DUBLIN (Reuters) - Day-by-day movements in bond yields will not directly impact on European Central Bank policy and instead a range of information will be reviewed at the central bank's next meeting in December, ECB governing council member Philip Lane said on Friday.

Philip Lane, Governor of the Central Bank of Ireland speaks at a Reuters Newsmaker event in London, Britain October 28, 2016. REUTERS/Toby Melville

Euro zone debt prices fell sharply again on Friday after Republican Donald Trump's shock victory in the U.S. presidential election with Italian government bond yields hitting their highest level in over a year.

"This day-by-day movement is not going to directly matter to us but we're just going to assess what goes on and in early December we'll be looking at the market data and the updated forecasts. Monetary policy is not made on a day-by-day basis," Lane, who is head of the Irish central bank, told reporters.

(Writing by Padraic Halpin; Editing by William Schomberg)

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