ECB's Nagel: Focus is inflation, not bond spreads
European Central Bank policymaker Joachim Nagel stated on Thursday that the ECB's debt-buying tools are intended to maintain price stability, not to target specific sovereign bond spreads.
European Central Bank policymaker Joachim Nagel said on Thursday the ECB's debt-buying tools are intended to protect price stability, not to aim at specific sovereign bond spreads, as a selloff in French government debt stoked speculation about possible intervention. The Bundesbank president said the ECB remains focused on inflation.