Christine Lagarde wants key role for climate change in ECB review

According to the FT of November 27, 2019, Christine Lagarde, the new President of the European Central Bank (ECB) wants to set climate change as a priority goal for the ECB strategy and make the environment as a central topic of monetary policymaking.

The reputational risk of doing nothing is big. However, Ms Lagarde risks setting up a clash with some Eurozone central bankers who argue climate change should be a matter for national governments.

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