Euro zone bond yields, euro steady after ECB holds rates

LONDON, Feb 5 (Reuters) - The euro and euro zone bond yields were steady on Thursday, after the European Central Bank kept its three main interest rates unchanged as expected, and reiterated that policymakers are not pre-committing to a particular rate path.

The central bank for the 21 countries that use the euro said, once again, it would follow a data-dependent and meeting-by-meeting approach to determine the appropriate monetary policy stance.

The euro was last down 0.1% against the dollar at $1.1797, little changed from where it was trading before the decision. Against the pound, it was up 0.5% on the day at 86.875 pence after the Bank of England earlier in the day left rates unchanged, but indicated its willingness to deliver a cut if inflation kept slowing.

Germany's 10-year bond yield DE10YT=RR, the euro zone benchmark, was steady at 2.861%. The policy-sensitive two-year bond yield DE2YT=RR was down 1 basis point at 2.064%.

In contrast, British short-end gilt yields GB2YT=RR fell sharply after the BoE decision. Two-year gilt yields were last down 9 bps at 3.63%.