Italian bond yields rise, euro dips after EC cuts Italy growth forecast
LONDON, Nov 8 (Reuters) - Italian government bond yields
rose to a session high on Thursday, while the euro dipped after
the European Commission cut Italy's growth forecast and said it
anticipated a jump in the country's structural budget deficit.
Italy's 10-year bond yield rose to 3.404 percent, up six
basis points on the day . The euro turned
negative, slipping 0.1 percent to $1.1412 but remaining above
the session low.
The European Commission forecast the Italian economy would
grow more slowly in the next two years than Rome thinks, making
government budget deficits much higher than assumed by Italy
while public debt would be stable rather than decline.
(Reporting by Virginia Furness and Tommy Wilkes; Editing by
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