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Meeting of Climate Action Coalition chaired by Minister of Finance Vanhanen as cooperation was joined by United States, Japan and South Korea Ministry of Finance Press release Climate and economic policies were discussed by the finance ministers of over 60 countries at the meeting of the Coalition of Finance Ministers for Climate Action on 6 April 2021. In its spring meeting, the Coalition acquired eight new member countries, including the United States, Japan and South Korea. The meeting was co-chaired by Finland’s Minister of Finance Matti Van...

Mar 25 2021, 2:51 PM March 24 2021, 4:29 PM March 25 2021, 2:51 PM (Bloomberg) -- Global warming may force central banks to keep interest rates low. (Bloomberg) -- Global warming may force central banks to keep interest rates low. Sweden’s Riksbank, the world’s oldest central bank, warned on Wednesday that rising temperatures mean monetary policy can’t ignore the fallout of carbon emissions. “If climate change increases the risk of catastrophe, makes economic developments more uncertain and worsens growth prospects, it may lead to a lower long-term real interest rate,â€�...

Q&A on Twitter Interview on Twitter with Frank Elderson, Member of the Executive Board of the ECB, conducted and published on 16 March 2021 17 March 2021 Hello, this is @FrankElderson, Executive Board member at the ECB. I’m looking forward to answering your questions for the next 45 minutes or so. Join the conversation! #AskECB Why dont you better explain your policies by indicating the aimed positive consequences, but also the potential negatives. @FrankElderson: While the evidence is that our policies are very effective we certainly also have possible side effects on our radar. The two-t...

Annual Accounts 2020 The management report [1] is an integral part of the ECB’s Annual Accounts and is designed to provide readers with contextual information related to the financial statements. [2] Given that the ECB’s activities and operations are undertaken in support of its policy objectives, the ECB’s financial position and result should be viewed in conjunction with its policy actions. To this end, the management report presents the ECB’s main tasks and activities, as well as their impact on its financial statements. Furthermore, it analyses the main developments in the Balance...

Climate change requires urgent action as the window of opportunity is closing fast and the European Central Bank must be committed to doing its part. Yet, such