Banks factor climate change risk

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The Chairperson of the Global Central Bank Forum says climate change is negatively affecting the role of central banks, and there is a need for the banks to include that risk in their models.

Dr. Sabine Mauderer believes this will ensure price and financial stability, which are crucial in delivering economic growth and prosperity for countries. Dr. Mauderer was among the speakers at the 57th SADC Committee of Central Bank Governors meeting, held in Swakopmund.