Lagarde opens way to green QE

By Jasper Cox
30 Aug 2019

Christine Lagarde suggested that the European Central Bank, which she is set to lead later this year, could apply green criteria to its asset purchase programme once the EU’s Taxonomy of Sustainable Economic Activities is completed, in comments published on Thursday.

The ECB has used a principle of what it calls “market neutrality” in its asset purchase programme so far, which has encompassed SSA bonds, corporate bonds, covered bonds and asset-backed securities. This has meant not taking into account environmental criteria.

But Lagarde, who is set to become ...

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