Green QE or divestment? Market eyes ECB’s plans

ECB adobe stock AS 230x150
By Burhan Khadbai, Lewis McLellan
12 Dec 2019

Debt market specialists this week put forward contrasting views on the policies the European Central Bank might use to tackle climate change, after Christine Lagarde, its new president, said her strategic review of its mandate and operations would encompass how the bank should respond to it. She also promised action on stablecoins. Burhan Khadbai and Lewis McLellan report.

“We will take up climate change... and see how we can participate in that particular endeavour,” said Lagarde on Thursday, in a press conference that followed her first governing council meeting.

She said the ECB's first strategic review since 2003 would start in January and be completed by the ...

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