ECB does not think aggressive stimulus is a threat to financial markets

Frankfurt

THE European Central Bank sees no evidence that its aggressive stimulus policy is hampering financial markets, ECB director Benoit Coeure said on Monday, despite deeply negative yields on some bonds and fresh signs of scarcity.

His comments are likely to cool industry hopes for fresh ECB action to alleviate pressure on bond markets by lending out more of the 1.4 trillion euros (S$2.08 trillion) worth of government debt it has bought or changing the country composition of its purchases.