ECB to look at green TLTROs

By Jasper Cox
29 Sep 2020

The European Central Bank is considering a proposal to use its Targeted Longer-Term Refinancing Operations (TLTROs) to incentivise green lending. It has said it may also exclude so-called brown bonds from its asset purchase programmes.

On Monday, Christine Lagarde, president of the ECB, and a footnote to a speech from Isabel Schnabel, member of the bank's executive board, both separately indicated the bank's interest in the idea.

In both cases, the ECB was referring to a report published earlier this month that proposed ...

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