Positive Money’s Green Central Banking analysis of the Central Bank of Hungary
16 January, 2024Positive Money tracks the progress of central banks in G20 countries towards supporting the green transition by greening their policies and practices with the Green Central Banking Scorecard. While Hungary is not in the G20, the countries’ central bank has conducted a self-assessment according to the Scorecard’s methodology, revealing that it would rank higher than [...]
Green Credit Policies are critical for long-term price stability
9 October, 2023October 9, 2023 Inflation, often met with high interest rates by central bankers, exerts mounting pressure on households. However, this approach fails to address the root causes of inflation and may hinder long-term price stability by limiting investments in the green economy. It is time for a revaluation of economic policies to ensure price stability [...]
Debt crisis looms for climate vulnerable countries
31 July, 2023July 31, 2023 Climate-vulnerable countries across the Global South are facing a vicious climate-public debt cycle. As the world heats up, they will suffer most. Central banks and financial regulators will exacerbate this problem unless they adopt a transformative ‘double materiality’ approach that shapes financial markets in support of a just transition. In the past [...]