Banking

Banking

ECB faces speculation over market intervention after French elections

The European Central Bank is facing mounting speculation that it could intervene if the French election triggers widespread market panic, as policymakers prepare for their annual conference in Portugal next week.French bonds have been sold off in recent weeks as investors fear that Marine Le Pen’s far-right Rassemblement National or the leftwing Nouveau Front Populaire (New Popular Front) alliance will win a parliamentary majority in the upcoming elections. The success of one of the extreme parties leading opinion polls could lead to a deeper sell-off, with the spread on French...
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