Here's the thing see, that seemingly simple five word headline triggers memories of:
a) Not just the Bank's explanation of the nickname "Old Lady of Threadneedle Street" but also the lesser known story of Sarah Whitehead.
b) The Witch of Wall Street, Hetty Green.
c) William Perkins and his invention of the aniline dyes, first mauve and then ten years later, green.
It gets confusing when all that gentle reader wishes to know is "What's behind the headline?"
From Claire Jones at FT Alphaville:
The Bank of England becomes the first major central bank to commit to offloading brown assets
On Tuesday, we wrote about how the era of central bank convergence was over. In Wednesday’s UK budget, came a perfect example of how monetary authorities are increasingly reflecting different goals.
Rishi Sunak, the UK’sPR stunt specialistchancellor, announced the Bank of England’s mandate would change to reflect the country’s commitment to combating climate change. Under the new mandate, the Bank’s actions will, in the words of Governor Andrew Bailey, “reflect the government’s economic strategy for achieving strong, sustainable and balanced growth that is also environmentally sustainable and consistent with the transition to a net zero economy.”This change will have a material effect on policy as the Bank will divest itself of purchases of corporate bonds issued by big polluters made under its quantitative easing programme.....
....MUCH MORE
Still if you are going green, the aniline dye green of Keira Knightley dress in Atonement:
does seem more lively than the pre-aniline greens extant before young Mr. Perkins got to work:
Even if the latter was painted by that Monet guy.
Green, it's where we're going.
