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Weidmann: Central banks should take adequate account of climate-related financial risks

23.11.2020

Bundesbank President Jens Weidmann has spoken out in favour of central banks taking adequate account in their risk management of climate-related financial risks that could arise from their monetary policy operations. He argues it is therefore legitimate to expect better information to be provided. 

Weidmann: Central banks should take adequate account of climate-related financial risks
Weidmann bei seiner Rede vor dem Übersee-Club Hamburg
Weidmann: Central banks do not have a magic wand for saving the planet

19.11.2020

According to Bundesbank President Jens Weidmann central banks could do more to curb global warming. In an op-ed for the “Financial Times” he pointed out a number of possible courses of action. However, he added, central banks should stay focused on their primary objective, price stability. “When it comes to saving the planet, central banks do not have a magic wand”, he wrote.

Central banks cannot solve climate change on their own
Jens Weidmann
German economic recovery interrupted for the time being

16.11.2020

In its Monthly Report, the Bundesbank’s economists write that the German economy recovered rapidly in the third quarter from its slump in the wake of the coronavirus pandemic. However, they are not expecting the catch-up momentum to continue into the final quarter of 2020 due to the resurgence of the pandemic. On the other hand, they do not expect economic output to slump to a similarly subdued level as in the second quarter, either.

German economic recovery interrupted for the time being
Chairs on a table in a restaurant
Bundesbank listens to civil society organisations

13.11.2020

The Bundesbank invited civil society organisations to a virtual event in order to listen to their views on issues relating to the Eurosystem’s monetary policy strategy. Bundesbank President Jens Weidmann thanked the participants for their contributions and announced that he would raise the insights gained in the ECB Governing Council’s deliberations.

Bundesbank listens to civil society organisations
Virtual event “Bundesbank Listens”
Skyline Frankfurt am Main
German banks increase collateral requirements for loans to enterprises
Residential property in Frankfurt am Main
House prices in Germany rising further
Press conference on the Financial Stability Review 2020
Financial Stability Review: German financial system has proven to be stable
Woman chooses clothing
Survey looks at impact of pandemic on household consumption plans and expectations
Claudia Buch
Statement by Vice President Claudia Buch on the Financial Stability Review 2020
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Sabine Mauderer
Mauderer: Central banks need to take greater account of climate change in their analyses
Euro reference rate of the ECB to the US dollar
Interest rates
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