NGFS study offers three proposals to help green monetary operations
Report highlights eight case studies, including central banks in China, Japan, the eurozone and UK
Central banks are making progress on addressing climate change-related issues in their monetary policy operations, the Network for Greening the Financial System (NGFS) said in a report, published on July 11.
But the network’s latest report pointed to three further steps central banks could take to ensure further improvements. These include developing dynamic frameworks for assessing the effectiveness of existing measures; considering how to incorporate climate change considerations into liquidity
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