Central banks had to learn how to exercise that discretion in support of the objectives usually dictated by their legislatures, almost always 8 including price stability and, in the case of the United States, price stability and full employment. There have been disappointments as well as successes with monetary policy around the world.
The EBA relies on the EU regulatory framework; at the moment, a more granular sectoral breakdown is not foreseen. Starting from the Third pillar disclosure for 2023, banks will have to add to sectoral data the amount of exposures that contributes to climate change mitigation and the value of the GAR, thus providing a measure of the alignment of their portfolio with the taxonomy.