This is the best contribution that the ECB can provide in order to preserve the purchasing power of citizens over the medium term and to support sustainable growth and employment in the euro area. Many thanks for your attention. BIS Review 105/2008  7
It aims to ensure that a broad-based approach is taken and to prevent us from distorting market outcomes. This is why we have to check whether we have unintentionally allowed bias to creep into our securities portfolio, compared to the universe of eligible bonds. But should we go even further and eliminate carbon-intensive assets from our monetary policy portfolios?