In today’s ECB press conference, Christine Lagarde did not seem fazed by the recent rise in bond yields or the evidence of tighter bank lending conditions. But we suspect that policymakers will push back against further increases in yields until next year when the economic recovery is on a firmer footing.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services