ECB officials suggest dropping market neutrality

Isabel Schnabel and Frank Elderson say climate change requires new approach to bond purchases

Euro symbol, Willy Brandt Platz, Frankfurt
The European Central Bank

European Central Bank board members Isabel Schnabel and Frank Elderson have argued that the ECB should go beyond market neutrality in its corporate bond purchases.

In a podcast published by the bank on May 12, Schnabel and Elderson acknowledged there are constraints to central banks pursuing green objectives, both for legal and monetary policy reasons.

The ECB carries out major asset purchases following the market neutrality principle. This means its asset purchases follow the same rates of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account