FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski//File Photo
June 14, 2021
FRANKFURT (Reuters) – The European Central Bank could tilt its purchases of corporate bonds towards companies that pollute less or are cutting their emissions, ECB board member Isabel Schnabel said in a speech on Monday.
“Another possibility would be to pursue a more sophisticated ’tilting strategy’ under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations,” Schnabel said.
“Tilting strategies could be performed at the level of sectors, firms or bonds,” she added.
(Reporting By Francesco Canepa)
