However, given a decline in liquidity in the bond market and the impact on that market of the increase in the amount of issuance of government bonds in response to the emergency economic measures, the Bank decided to conduct further active purchases of both JGBs and T-Bills with a view to maintaining stability in the bond market and stabilizing the entire yield curve at a low level.
European Central Bank: Press conference – introductory statement Introductory statement by Mr Jean-Claude Trichet, President of the European Central Bank, Frankfurt am Main, 3 August 2006. *  *  *  Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to this press conference to report on the outcome of today’s meeting of the Governing Council.