Friday, January 21, 2022
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Credit, Covid and Climate: ‘Rock Star’ Urges Central Banks To Join The Fight Against Climate Change

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One would think that the appropriateness of the image of a central banker as a ‘rock star’ is the least of our worries in a world beset by the Covid-19 restrictions and widespread economic carnage. But will Carney ‘rock’ the world’s central banks into abandoning their narrow mandate to ensure financial stability by managing liquidity and interest rates? Are we on the cusp of seeing central banks wade into the murky politics of ESG (environment, social and governance criteria), CSR (corporate social responsibility) and stakeholder capitalism?

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