February 27, 2020 / 9:56 AM / a month ago

Banks have some way to go in disclosing climate risk: Lagarde

FRANKFURT, Feb 27 (Reuters) - Climate change poses a risk to the financial sector and central banks need to pay closer attention as banks have some way to go in assessing and disclosing their exposure, European Central Bank President Christine Lagarde said on Thursday.

“Central banks need to devote greater attention to understanding the impact of climate change, including its implications for inflation dynamics,” Lagarde said in London. “The ongoing review of our monetary policy strategy creates an opportunity to reflect on how to address sustainability considerations.” (Reporting by Balazs Koranyi Editing by Gareth Jones)

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