Spanish governor favours green monetary policy
Hernández de Cos stresses ECB should account for climate risks in its price stability mandate
Central banks should explore the adoption of climate principles in their monetary policy operations, said Bank of Spain governor Pablo Hernández de Cos.
He added these goals should be addressed within the European Central Bank’s price stability mandate.
“The mandate of the European Central Bank is price stability. So we will have to take into account climate-related risk to strengthen that, so they allow us to fulfill our mandate,” said Hernández de Cos in Central Banking’s Summer Meetings
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