Central banks should steer clear of taking on climate change

Money Week | Dec 8, 2019 at 11:30 AM
  • In a classic example of mission creep, the world’s central bankers are going green.
  • You might think that on taking office the new president of the European Central Bank, Christine Lagarde, already had plenty of difficult issues to deal with.
  • And yet she has decided to add to the list by making combatting climate change central to monetary policy at the European Central Bank (ECB).