Having references for milestones and yearly targets for every economic sector will make our oversight of banks’ transition strategies more effective and thus help the European banking sector achieve an orderly transition towards carbon neutrality, starting today.
The first months have been encouraging: contrary to what some were saying, we have had no difficulty finding assets to buy, indicators of the inflation expectations are showing signs of recovery, lending to non-financial corporations is trending upwards, the recovery trajectory is there to be seen and we expect inflation to move back towards 2%.