•  Multilateral Development Banks can also play a pivotal role in further expanding the use of debt-for-nature swaps. These can improve biodiversity and the provision of ecosystem services, while increasing carbon dioxide natural removals, which are strongly needed to achieve net-zero targets. These are some of the key issues on the agenda of the Venice Conference on Climate to be held this July.
But we cannot be inactive either, simply because the other side does not deliver. 2  BIS central bankers’ speeches  You have often used market-based inflation expectations to argue for monetary easing. Are markets still a useful source of information for monetary policy? I never take only one indicator. And we don’t conduct monetary policy on the basis of market prices.