Amid reports that the European Central Bank may embark on bond purchases to contain yields on the bonds of economically stressed euro member nations, Reuters reports that the ECB is considering targeting yield levels, but not announcing the levels it is targeting. The Reuters report cites central bank sources.
Not making its yield targets public might allow the ECB to avoid disputes with governments about the levels it targets. The ECB is not likely to make any decisions about bond buying until its Sept. 6 meeting.
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For earlier coverage, see Bundesbank Criticizes ECB Bond Plan.
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