The remarks were made in response to a recent rise in bond yields across the eurozone. Nagel stated that the central bank's operational instruments are intended to fulfill its primary mandate regardless of whether yields move to certain levels.
Tuesday, October 20, 2026
Story
ECB's Nagel Says Bank Instruments Do Not Target Bond Yields
Global Markets20 days ago
The European Central Bank prioritizes inflation control and price stability over the management of market spreads, board member Joachim Nagel said. All tools at the institution are used to ensure price stability and are not designed to maintain bond yields at specific levels.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.