



STOCKHOLM (Reuters) - The European Central Bank must adjust its monetary policy to make it more climate-friendly, even as it shrinks its bloated balance sheet to fight runaway inflation in the euro zone, ECB board member Isabel Schnabel said on Tuesday.
The ECB has been looking to support the economy's green transition but an unexpected surge in inflation along with rising interest rates has thrown a spanner in the works, requiring a new approach, Schnabel argued.
The central bank was meant to tilt its corporate bond holdings towards greener assets via fresh purchases but bond buys have now been stopped and not even all expiring debt will be reinvested, so ECB efforts have lost much of their punch, Schnabel, the head of the ECB's markets operations, said.
"We therefore need to move from a flow-based to a stock-based tilting approach for our corporate bond portfolio," she told an event organised by the Swedish Riksbank in Stockholm. "This means that, absent any reinvestments, actively reshuffling the portfolio towards greener issuers would need to be considered."
The ECB also needs to rethink how it tilts public sector bonds, which make up half of its 8 trillion euro ($8.59 trillion) balance sheet.
She cited two options: buying more bonds from international agencies or reshuffling government bond holdings in favour of greener bonds, as states expand their supply of green bonds - debt issued to finance environmentally friendly projects - over time.
But Schnabel rejected the argument that sharply higher interests rates are actually thwarting the green transition by making investments more expensive.
She said that inaction by the ECB now would force the bank to take more aggressive action later, at a greater cost to both the broader economy and climate-friendly sectors.
"We judge that interest rates will still have to rise significantly at a steady pace to reach levels that are sufficiently restrictive to ensure a timely return of inflation to our 2% medium-term target," she said.
"Failing to arrest high inflation in a timely manner would jeopardise the green transition more fundamentally."
($1 = 0.9316 euros)
EUR/USD
1.0995
+0.0042 (+0.38%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
EUR/USD
1.0995
+0.0042 (+0.38%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
GBP/USD
1.2698
+0.0073 (+0.58%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (1)
Sell (6)
USD/JPY
147.47
-1.20 (-0.81%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
AUD/USD
0.6649
+0.0043 (+0.64%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (3)
USD/CAD
1.3573
-0.0042 (-0.31%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (7)
Sell (1)
EUR/JPY
162.15
-0.72 (-0.44%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
EUR/CHF
0.9654
+0.0011 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Gold Futures
2,041.90
+29.50 (+1.47%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (6)
Silver Futures
25.052
+0.371 (+1.50%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (5)
Sell (4)
Copper Futures
3.8468
+0.0468 (+1.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (0)
Crude Oil WTI Futures
76.53
+1.67 (+2.23%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (1)
Brent Oil Futures
81.43
+1.56 (+1.95%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (0)
Natural Gas Futures
2.789
-0.157 (-5.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (3)
US Coffee C Futures
172.53
+3.48 (+2.06%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (11)
Euro Stoxx 50
4,347.25
-7.16 (-0.16%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
S&P 500
4,554.89
+4.46 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
DAX
15,992.67
+26.30 (+0.16%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
FTSE 100
7,455.24
-5.46 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Hang Seng
17,383.50
-145.50 (-0.83%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (3)
US Small Cap 2000
1,792.55
-8.60 (-0.48%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
IBEX 35
10,003.40
+67.30 (+0.68%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
42.705
-0.490 (-1.13%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
30.56
-1.11 (-3.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Allianz SE VNA O.N.
230.55
+0.05 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (4)
Sell (3)
Adidas AG
186.66
+1.42 (+0.77%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
7.787
+0.064 (+0.83%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Siemens AG Class N
151.42
+1.18 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Deutsche Bank AG
11.090
+0.038 (+0.34%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/USD | 1.0995 | ↑ Buy | |||
GBP/USD | 1.2698 | Neutral | |||
USD/JPY | 147.47 | ↑ Sell | |||
AUD/USD | 0.6649 | Buy | |||
USD/CAD | 1.3573 | Neutral | |||
EUR/JPY | 162.15 | ↑ Buy | |||
EUR/CHF | 0.9654 | ↑ Buy |
Gold | 2,041.90 | Sell | |||
Silver | 25.052 | Neutral | |||
Copper | 3.8468 | ↑ Buy | |||
Crude Oil WTI | 76.53 | ↑ Buy | |||
Brent Oil | 81.43 | ↑ Buy | |||
Natural Gas | 2.789 | ↑ Sell | |||
US Coffee C | 172.53 | ↑ Sell |
Euro Stoxx 50 | 4,347.25 | ↑ Buy | |||
S&P 500 | 4,554.89 | ↑ Buy | |||
DAX | 15,992.67 | Buy | |||
FTSE 100 | 7,455.24 | ↑ Sell | |||
Hang Seng | 17,383.50 | Buy | |||
Small Cap 2000 | 1,792.55 | Sell | |||
IBEX 35 | 10,003.40 | ↑ Sell |
BASF | 42.705 | Sell | |||
Bayer | 30.56 | ↑ Sell | |||
Allianz | 230.55 | ↑ Buy | |||
Adidas | 186.66 | Sell | |||
Lufthansa | 7.787 | ↑ Sell | |||
Siemens AG | 151.42 | ↑ Buy | |||
Deutsche Bank AG | 11.090 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,250/ 7,350 (0/ 0) # 1,425 |
SJC HCM | 7,250/ 7,350 (0/ 0) # 1,423 |
SJC Hanoi | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Danang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Nhatrang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Cantho | 7,250/ 7,352 (0/ 0) # 1,425 |
Cập nhật 29-11-2023 04:57:59 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,041.73 | +26.38 | 1.31% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.710 | 24.180 |
RON 95-III | 23.020 | 23.480 |
E5 RON 92-II | 21.690 | 22.120 |
DO 0.05S | 20.280 | 20.680 |
DO 0,001S-V | 21.680 | 22.110 |
Dầu hỏa 2-K | 20.940 | 21.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $76.57 | +1.27 | 0.02% |
Brent | $81.39 | +1.33 | 0.02% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.050,00 | 24.420,00 |
EUR | 25.848,91 | 27.268,27 |
GBP | 29.811,30 | 31.080,78 |
JPY | 158,66 | 167,95 |
KRW | 16,20 | 19,64 |
Cập nhật lúc 18:54:17 28/11/2023 Xem bảng tỷ giá hối đoái |