ECB Lagarde and Panetta discussed climate-related monetary policy

<p>ECB President Christine Lagarde said the central bank was creating a team of around 10 staff, reporting directly to her, to set the agenda on climate-related topics. &#8220;Climate change can create short-term volatility in output and inflation through extreme weather events, and if left unaddressed can have long-lasting effects on growth and inflation,&#8221; Lagarde noted. [&#8230;]</p>
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