The European Central Bank has trimmed the carbon intensity of its 385-billion-euro stash of corporate bonds but the dwindling of purchases is slowing its progress, an ECB report showed on Thursday.
ECB President Christine Lagarde has made incorporating climate consideration into monetary policy a goal of her tenure, even asIn its first such disclosure, the ECB said the carbon intensity - a measure that relates a company's emissions to its revenues and the size of the investment - of its new purchases of corporate credit had more than halved since it adopted a "green tilt" in picking bonds late last year.
But the ECB has been steadily cutting the volume of its bond-buying in its effort to curb inflation, meaning the new, greener purchases were hardly making a difference in the overall stock of bonds accumulated over several years. The ECB stopped buying bonds last year and is now replacing only some of those that mature, with a view to ending those reinvestments altogether, possibly as soon as July.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ECB’s Muller: The central bank should likely raise rates by a littleEuropean Central Bank (ECB) Governing Council member Madis Muller said on Thursday, “the ECB should likely raise rates by a little.” Additional quotes
Weiterlesen »
ECB’s Wunsch: Need time to assess full impact of the recent turmoilNational Bank of Belgium Governor and European Central Bank (ECB) Governing Council member Pierre Wunsch, said on Wednesday that the central bank will
Weiterlesen »
ECB’s Nagel: There’s still some way to go, but we are approaching restrictive territoryIn an interview with the Financial Times (FT), European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Wednesday, “there’s
Weiterlesen »
Lagarde speech: Neither committed to raise further nor are we finished with hiking ratesEuropean Central Bank (ECB) President Christine Lagarde reiterated on Wednesday that underlying inflation dynamics in the Eurozone remain strong, as r
Weiterlesen »
EUR/USD Forex Signal: More Gains Ahead as ECB, Fed divergeThe EUR/USD exchange rate continued its uptrend after the Federal Reserve and the European Central Bank (ECB) diverged on interest rates.
Weiterlesen »
ECB to publish first detailed carbon footprintThe European Central Bank and euro zone national central banks will publish in their first detailed 'carbon footprints' in the coming days, figures that will show the environmental impact of years of crisis-fighting efforts.
Weiterlesen »