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.
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Nagel: ECB tools target inflation, not bond spreads
ECB policymaker Joachim Nagel stated that the European Central Bank's tools, including the Transmission Protection Instrument, are designed to achieve its inflation goal, rather than targeting specific bond-spread levels.