ECB schedules emergency meeting

'Shivers of anticipation'

The European Central Bank (ECB) has scheduled an ad-hoc meeting to discuss the recent sell-off in bond markets.

The unscheduled meeting is driving speculation the bank will announce a new tool in order to tackle the rising borrowing costs in the weaker economies within the Eurozone and avoid another debt-crisis, according to the Financial Times. An ECB spokesperson told Investment Week: "The Governing Council will have an ad-hoc meeting on Wednesday to discuss current market conditions". The meeting comes just a week after the ECB announced it would raise interest rates by 0.25% next month with further raises expected late in the year. It had also announced it would extend its bond-buying st...