Central Banks in an era of Climate uncertainty

Our readers will not need us to tell them that we live in a time of heightened uncertainty and tension. With wars in the Middle East and Ukraine, economic hardships in much of the West due to inflation and high interest rates, and volatile and unsettled weather patterns across the globe, there is much to cause concern. For central banks trying to steer economies between the Scylla of inflation and the Charybdis of recession there are few easy answers. And if anything the questions are getting more urgent and challenging.

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COP 26

The COP 26 climate change summit that opened in Glasgow on Sunday has been billed as “the last chance to save the planet”. The sense of urgency is palpable, the pressure on politicians to agree to something meaningful is considerable. But even if, against the odds, the conference is a huge success and governments commit to serious action, the hard work of convincing ordinary people that many aspects of our lives, many things we take for granted, are going to have to change has barely begun.

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