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The Bank of England welcomes the MPC Remit published today, which clarifies that the economic strategy of the Government includes supporting the transition to a net zero emissions economy.
In the coming months we will provide more information about our proposed approach to adjusting the Corporate Bond Purchase Scheme (CBPS) to account for the climate impact of the issuers of the bonds we hold, with a view to adapting our approach by the time of our next scheduled round of reinvestment operations in 2021 Q4.
