March 18, 2020 / 11:05 AM / 16 days ago

REFILE--Bank of Italy buying Italian bonds as ECB steps in to stabilise markets - source

(Refiles with no changes to text)

ROME, March 18 (Reuters) - The Bank of Italy is buying Italian paper as the system of euro zone central banks intervenes to ensure orderly conditions on the bond market, a source at the Italian central bank said on Wednesday.

Such “interventions are flexible both in timing and in terms of concerned markets and will continue for as long as necessary,” the source said.

Reporting by Stefano Bernabei, writing by Gianluca Semeraro, editing by Valentina Za

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