Amid reports that the European Central Bank may embark on bondpurchases to contain yields on the bonds of economically stressedeuro member nations, Reuters reports that the ECB is consideringtargeting yield levels, but not announcing the levels it istargeting. The Reuters report cites central bank sources.
|Not making its yield targets public might allow the ECB to avoiddisputes with governments about the levels it targets. The ECB isnot likely to make any decisions about bond buying until its Sept.6 meeting.
|See the full story.
|For earlier coverage, see Bundesbank Criticizes ECB Bond Plan.
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