ECB urged to pause quantitative tightening amid bond market turbulence

The Financial Times argues that recent bond market volatility warrants a pause in the ECB's quantitative tightening program until stability returns. The piece reflects growing market pressure on the ECB to adjust its balance sheet reduction plans, though it is an opinion piece rather than a policy announcement. The ECB's next move remains uncertain, but the call highlights rising concerns over sovereign bond spreads and market functioning.