BusinessEuro zone business growth hits three-year high but ECB cautious
Jonathan Cable
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A woman sits at a cafe at Campo de Fiori after the coronavirus disease (COVID-19) restrictions were eased in Lazio region, Rome, Italy, February 1, 2021. REUTERS/Yara Nardi
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Euro zone business growth accelerated at its fastest pace in over three years in May, a survey showed on Friday, but European Central Bank President Christine Lagarde said an uncertain recovery still needed emergency support from the ECB.
After a slow start to vaccinations the pace is picking up, allowing some restrictions imposed to quell the spread of the coronavirus to be lifted, and a strong resurgence in the bloc s now-reopening service industry added to the impetus from a booming manufacturing sector.
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Euro zone business growth hits three-year high but ECB cautious | Hellenic Shipping News Worldwide
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Central Bank Portfolios Worth $3.8 Trillion Look to Go Green
This content was published on May 17, 2021 - 12:25
May 17, 2021 - 12:25
(Bloomberg)
Central banks are increasingly interested in environmentally sound and socially responsible investment, with 43% of respondents to the HSBC Reserve Management Trends survey for 2021 saying they’d bought green bonds.
The questionnaire carried out between February and April found that officials at 57 central banks, with assets worth $3.8 trillion, were either already factoring social and environmental criteria into decision-making or were considering doing so. Just 25% of institutions weren’t embarking on the trend, citing a lack of compatibility with mandates as the main reason.