Climate risks 'no longer peripheral' to inflation and monetary policy

clock • 2 min read
Swati Dhingra (second from back left) sits on the Bank of England's Monetary Policy Committee, which is charged with keeping inflation as close to two per cent as possible.
Image:

Swati Dhingra (second from back left) sits on the Bank of England's Monetary Policy Committee, which is charged with keeping inflation as close to two per cent as possible.

Bank of England Monetary Policy Committee member Swati Dhingra warns monetary tightening 'cannot address the underlying shortage of energy or food' caused by climate impacts

Climate-related risks are "no longer peripheral" to inflation and macroeconomic stability, a member of the Bank of England's Monetary Policy Committee (MPC) has warned. Swati Dhingra said recent energy...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Study: Carbon markets overlook value of natural carbon sinks
Risk

Study: Carbon markets overlook value of natural carbon sinks

Land and ocean carbon sinks are under pressure, but carbon pricing mechanisms are struggling to protect them, Wood Mackenzie warns

Amber Rolt
clock 04 September 2026 • 4 min read
National Heat Risk Commission warns escalating heat impacts are 'well documented but poorly governed'
Risk

National Heat Risk Commission warns escalating heat impacts are 'well documented but poorly governed'

New report argues heat risks and the policies and investments required to combat them are now well understood, but ‘delivery is absent’

James Murray
James Murray
clock 03 September 2026 • 4 min read
Report: World should now expect $450bn a year in losses from natural disasters
Risk

Report: World should now expect $450bn a year in losses from natural disasters

Increase in severity of storms, floods, wildfires and more - as well as rising property values and insurance costs - spurs surge in modelled losses from natural catastrophes in a given year, according to Verisk

Michael Holder
Michael Holder
clock 01 September 2026 • 4 min read