I know that there are a range of views on this and we’ll have to see how the debate evolves. But what’s your personal opinion? I think that environmental risk is going to become an increasingly relevant part of the analysis of credit ratings.
1/3  BIS central bankers' speeches  In the case of Ukraine, the central bank embarked on a series of interest rate cuts and implemented measures to provide ample liquidity, within its legal mandate to ensure the financial stability via the orderly functioning of domestic markets, as well as supporting economic recovery via lending channels. Yet, there is no universal recipe for every case.