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Tame inflation comforts uneasy bond markets ahead of ECB meeting

Data on Monday confirmed that consumer prices in the euro zone rose 1.3% year-on-year in June

Reuters  |  London 

Euro zone government bond yields fell on Monday, as tepid inflation numbers lifted expectations of a cautious stance at this week's European Central Bank meeting. The ECB meets on Thursday, three weeks after comments by central bank chief Mario Draghi that were seen as opening the door to policy tweaks in the coming months triggered a jump in bond yields and the euro. While borrowing costs remain at elevated levels, weak US data and subdued euro zone inflation have provided some comfort to bond markets, on edge that an era of ultra-loose monetary policy is drawing to a ...

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First Published: Mon, July 17 2017. 23:34 IST
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