RBNZ concerned on the systemic impact of climate change on the economy, financial system

Author: Eamonn Sheridan | Category: Central Banks

The Reserve Bank of New Zealand particularly citing drought and other sever weather conditions. 

The Bank has published a piece by Reserve Bank Assistant Governor Simone Robbers with this (bolding mine):
  • As the systemic impact of climate change on the economy and the financial system becomes clearer, the responses of central banks and regulators around the world have been evolving rapidly too.
  • While there's variation in our individual mandates, at their heart they are about stability. Stability in terms of prices - monetary stability. And stability in terms of the broader financial system - financial stability.

The Reserve Bank of New Zealand particularly citing drought and other sever weather conditions. 

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