Weidmann: no ECB climate policy

Bundesbank President Jens Weidmann sees clear limits to the European Central Bank’s (ECB) activities on climate protection. The Governing Council of the ECB did decide in July to incorporate climate protection aspects more strongly into its monetary policy framework, the Bundesbank chief told the „Initiative Gesichter der Demokratie“ in an interview published on Monday. „But this should not be confused with a separate climate policy. It is not our place to correct or anticipate the results of democratic decision-making by parliaments and governments,“ Weidmann stressed.