Bank of England Governor Andrew Bailey said the British central bank would look at introducing climate change considerations when deciding which corporate bonds it buys once the coronavirus crisis has eased.
FILE PHOTO: A security officer stands outside the Bank of England in London, Britain, March 23, 2020. REUTERS/Toby Melville/File Photo
“When the pressure on our resources abates, we will turn to important issues such as the benchmark for our corporate bond portfolio,” Bailey said in a statement on Wednesday. But in his statement on Wednesday, Bailey said “hard decisions” had to be taken when the central bank rushed out emergency measures to counter the COVID-19 lockdown shortly after he made those comments.
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