Green QE is being considered by the Bank of England

Posted on

FT Alphaville reported last night (and because of the importance of the issue I quote extensively):

We know central banks have the power to support asset classes and to move markets, and do so frequently in the name of financial stability.

But are there other social threats that could be stabilised or mitigated by central banks in a similar way?

For example, should central bank monetary policy be charged with a green agenda? Should central banks take it upon themselves to encourage and support the formation of liquid environmentally-focused markets?

That's just one of the ‘unconventional' areas the BoE's One Bank Research agenda – revealed by the Bank on Wednesday – is keen to explore in a bid to stay ahead of fundamental change affecting the economy and financial stability in the market.

It was five years ago that Colin Hines and I created the idea of Green quantitative easing. It looks possible we may now get it.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    Twitter

    @RichardJMurphy

    Instagram

    @RichardJMurphy