A moment analogous to that seized by JP Morgan in 1907, if you will. For some, the SMP may have looked like something close to the dreaded monetary financing, but the Treaty is pretty clear on these matters, and buying plainly in the secondary market is not monetary financing.
This network, also called NGFS, is a coalition of 75 central banks and supervisors to combat climate change with joint efforts globally. As a founding member, Bundesbank very much welcomes BCB’s membership. https://www.bundesbank.de/en/press/speeches/climate-risk-the-merits-of-transparency-and-the-role-of-central-banks-851634  1/4  24/11/2020  Climate risk – the merits of transparency and the role of central banks | Deutsche Bundesbank  Brazil is the largest South American economy.