European Central Bank policymakers are downplaying concerns over rising bond yields, suggesting they can manage the risk to the euro-area economy with verbal interventions including a pledge to accelerate bond-buying if needed. ECB Governing Council members, who meet next week to set policy, see no need for drastic action such as expanding the overall size of their €1.85tn ($2.24tn) emergency asset-purchase programme, according to officials familiar with internal discussions. The officials didn’t say whether the pace of purchases has been stepped up in recent days, for which data isn’t yet available. One person noted that yields fell on Monday after some policy makers said the institution w
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