Monetary policy inertia risks financial crisis and climate change inaction
Thursday 8 July 2021 Vol.12 Ed.27.4
Commentary: Central banks must change course to avoid possible financial crisis
By Jacques de Larosière in Paris
Central banks around the world, led by the Federal Reserve, appear to wish to stick to the ‘static approach’ of monetary policy, maintaining their present unconventional stance for as long as possible. Following this course during the recovery from Covid-19 could eventually trigger a financial crisis. If central banks do not start shifting course now, they could face a much tougher task if inflation takes hold in coming years.
Read the full commentary on the website.
Meeting: Circular economics as a response to the climate crisis
Thursday 22 July, 15:00-16:15
OMFIF’s Sustainable Policy Institute convenes a public panel with the International Finance Corporation, Bank of Finland, European Investment Bank and Scope Group to discuss the role that the circular economy can play in mitigating climate change and driving a just transition to net zero. Panellists examine life cycle assessment, how to measure impact and mitigation along supply chains, the opportunities involved and how to adopt circular business practices.
Register to attend here.
