ECB monetary policy to go green — slowly

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ECB monetary policy to go green — slowly

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President Christine LAGARDE opens her first meeting of the EU Economic Affairs Committee. | Nicolas Landemard / Le Pictorium/Maxppp/PA Images

How to respond to climate change and environmental sustainability were “of central importance” in the European Central Bank’s review of its monetary policy framework, the ECB said on Thursday as it published the results of the long-awaited review. It has designed a detailed roadmap for incorporating climate considerations across its monetary policy activities, including corporate bond purchases — but environmentalists are likely to be disappointed with the slow pace of reform.

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