LONDON, June 17 (Reuters) - The ongoing turmoil in euro zone bond markets, centred around France, is not disorderly, European Central Bank Chief Economist Philip Lane said on Monday, effectively playing down the need for the ECB to intervene.
"What we are seeing in the markets is a repricing but it is not in the world of disorderly markets right now," Lane told a Reuters NEXT Newsmaker interview at the London Stock Exchange.
The ECB has set as a condition for any intervention in bond markets that there is an unwarranted and disorderly move in yields. (Reporting by Balazs Koranyi, David Milliken, Marc Jones and Dhara Ranasinghe; Writing by Francesco Canepa in Frankfurt; Editing by Catherine Evans)
