ECB's Lane says
day-by-day changes in bond yields don't matter
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[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. |
![](../images/111116pics/busine65.jpg)
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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