Central banks can’t shrug off climate change issues: ECB’s Villeroy

NEW YORK — A top European Central Bank official said Tuesday climate change issues can’t be removed from central bank decision-making.

The impact of climate change is “already so powerful” that its impact is weighing on how central banks view their economies and pursue their mandates, said French central bank chief Francois Villeroy de Galhau. “We cannot separate our primary mandate” from climate change related factors, he said as part of an appearance at an event held at New York University.

(Reporting by Michael S. Derby)