A recent International Monetary Fund (IMF) blog stated that "climate change presents huge risks to the functioning of the world's economies", highlighting the imminent dangers posed by climate change to global macroeconomic and financial stability.
Globally, the task of keeping prices in check and preserving financial stability is one conventionally entrusted to central banks.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you