ECB’s Coeure: Rates to stay low

Most government bond yields in the eurozone fell after ECB executive board member Benoit Coeure said short-term interest rates would stay at “very low levels”, supporting a view that any exit from the central bank’s hefty stimulus will be slow.

Mr Coeure’s comments underpinned sentiment coming just days after the ECB gave up a pledge to increase bond purchases if needed and signalled a slow route out of its stimulus.