South African Reserve Bank tackles climate risks to maintain financial stability and curb inflation.

The South African Reserve Bank (SARB) is addressing climate-related risks to ensure financial stability, focusing on how financial institutions manage these risks and their impact on inflation. While climate policy isn't its direct responsibility, SARB aims to create stable economic conditions that support environmental sustainability. The bank uses tools to identify and manage risks linked to climate change, recognizing their economic impact, especially on insurance and food prices.

December 02, 2024
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