The European Central Bank (ECB) Governing Council member Olli Rehn dismissed yield curve control as a tool to enhance the financing conditions in the euro area while speaking in an interview on Finland’s YLE TV1. Key quotes (via Bloomberg) Yield curve control “would be a rather mechanical approach” to the question of financing conditions, and “not sensible” given the euro area has at least 19 different yield curves. “The ECB has decided to assess how to define “favorable” financing conditions and what is the best way to determine how those conditions develop.” “We need certain indicators” to examine “how to retain favorable financing conditions, allowing lending to households and companies to function well.” “There should be no automation as it’s better to leave enough room for common sense and consideration. In that sense monetary policy is as much an art as it is a science.” Earlier this week, Bloomberg reported, citing sources, the ECB is actively managing bond yield spreads between the strongest and weakest economies of the bloc. The central bank, however, doesn’t call it yield curve control. Related reads EUR/USD Weekly Forecast: Could US 4Q GDP and the Fed revive dollar’s demand? EUR/USD Price Forecast 2021: Euro-dollar long-term bullish breakout points to 1.2750 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Prediction: ETH bulls remain hopeful whilst above 21-DMA FX Street 1 year The European Central Bank (ECB) Governing Council member Olli Rehn dismissed yield curve control as a tool to enhance the financing conditions in the euro area while speaking in an interview on Finland’s YLE TV1. Key quotes (via Bloomberg) Yield curve control “would be a rather mechanical approach” to the question of financing conditions, and “not sensible” given the euro area has at least 19 different yield curves. “The ECB has decided to assess how to define “favorable” financing conditions and what is the best way to determine how those conditions develop.” “We need certain indicators” to examine “how to retain favorable financing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.