Weidmann drops opposition to ‘greening’ ECB bond holdings

Jens Weidmann
Jens Weidmann
Bankenverband/Jochen Zick

The president of the Deutsche Bundesbank, Jens Weidmann, withdrew his opposition to greening European Central Bank bond purchases on June 2.

Weidmann called for adjusting the ECB’s purchases of bonds from polluting companies, in a speech at the Bank for International Settlements’ Green Swan conference. Weidmann’s new stance is a significant reversal of his previous opposition.

The Bundesbank president had previously rejected proposals to “green” asset purchases, insisting the ECB’s mandate is

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