Give me stick, if you want, for misreading inflationary pressures out there, but ‘don’t shoot the messenger’, for that’s all the MCI is. What of criticism that the Bank has been operating the MCI mechanistically, or robotically, and thus causing excessive volatility in financial markets?
This will facilitate the channelling of savings into the investment needed to make the climate transition a reality. There are some key areas where we can make a difference. First, we need clarity over what constitutes a sustainable investment. We need a common understanding of what disclosures actually mean and definitions of sustainable financial products.