‘Market neutrality may not be the appropriate benchmark’ says ECB as it mulls exclusion of climate-risky bonds

Statement is latest sign of central banking u-turn on sustainability in recent years

Isabel Schnabel. Photo by Gregor Fischer
Isabel Schnabel. Photo by Gregor Fischer

Market neutrality may not be an appropriate benchmark for central bank asset purchase programmes in the face of climate change, a European Central Bank (ECB) representative has said, as the bank relaunches a review of its monetary policy strategy.

At the European Sustainable Finan…

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