Reported about 19 hours ago
The European Central Bank (ECB) has stressed the connection between heat waves and vital economic factors like inflation and GDP growth, as highlighted by Board member Frank Elderson. He noted the significant impact of the extreme heat of summer 2022 on food prices and the German economy. With another heat wave affecting Europe, the ECB is enhancing its focus on climate-related risks in monetary policy to ensure price stability and oversight of significant banks, contrasting with the Federal Reserve's limited approach to climate issues.
Source: YAHOO