Will the ECB make climate change a policy goal?

Christine Lagarde
ECB president Christine Lagarde
Photo: IMF/Cliff Owen

The European Central Bank is facing pressure to consider using monetary policy to affect climate change, but could spark a strong internal disagreement if it did so.

A number of individuals and groups published an open letter today (November 28) to ECB president Christine Lagarde, calling on her to use monetary policy to back environmentally-friendly financial tools. But any attempt to get the ECB to use monetary policy to fight climate change would almost certainly meet resistance from several

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