​Nowhere is the compromise between their swadharma and new responsibilities due to climate change more evident than in monetary policy. The question we need to ask ourselves is: should already-burdened central banks jump into an arena outside their direct remit? Even if there is a tangential case for policy intervention - from the perspective of what climate change means for financial stability - how should central banks approach it?
ECB speaker on Tuesday, 10 January 2023 - Schnabel forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.