Weidmann drops opposition to ‘greening’ ECB bond holdings
Bundesbank president says ECB could limit purchases of corporate bonds from some sectors
The president of the Deutsche Bundesbank, Jens Weidmann, withdrew his opposition to greening European Central Bank bond purchases on June 2.
Weidmann called for adjusting the ECB’s purchases of bonds from polluting companies, in a speech at the Bank for International Settlements’ Green Swan conference. Weidmann’s new stance is a significant reversal of his previous opposition.
The Bundesbank president had previously rejected proposals to “green” asset purchases, insisting the ECB’s mandate is
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