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Rise In OAT Yields Not A Concern Yet - Lagarde

ECB

Lagarde predictably says she won't comment on French elections. But says "obviously" the ECB "has to do what it has to do" with its price stability mandate. That "is obviously relying on financial stability" and "we are attentive to that because it is part of our job".

  • Asked whether the rise in OAT yields looks worrisome, Lagarde says this is one of the things that the ECB monitors, but not just at this time - they do this "all of the time".

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