Connect with us

Popular World News

ECB should take climate change into account: Villeroy By Reuters

ECB should take climate change into account: Villeroy By Reuters


ECB should take climate change into account: Villeroy By Reuters

PARIS (Reuters) – The European Central Bank should take climate change into account in the way it runs monetary policy, ECB policymaker Francois Villeroy de Galhau said on Wednesday, backing a suggestion from its incoming chief.
Christine Lagarde, who is due to take over from ECB President Mario Draghi on Nov. 1, told the European Parliament earlier this month that new challenges like climate change warranted a deep dive into how policy is conducted.
“We should, as Christine Lagarde said at the European Parliament, take climate change into account in monetary policy,” Villeroy, who is also head of the French central bank, said in a speech at Paris’ Sciences Po university.In London on Tuesday, Villeroy poured cold water on calls for a climate change-focused quantitative easing programme, saying such a move would heavily distort the green bond market.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


To Top
error: Content is protected !!