president christine legarde said the risks to europe's economy were less pronounced following a u.s. china trade deal with also announced the bank would begin a strategic review in focus uncertainty over its own inflation target and the possibility that the e.c.b. could introduce climate friendly policies like the purchase of climate related bonds. and for more on this i'm joined by d.w. financial correspondent in frankfurt conrad booze and conrad walk us through the strategic review what is this. well it's a fundamental overhaul of the standards according to which the european central bank is working and one major factor why because in the guard things the e.c.b. has to do it is that you know this 2 percent target of rising consumer prices that the e.c.b. is so fixated on it's a target that the e.c.b. has not managed to meet in many many years many years ago the text books were written that said prices are stable when consumer prices rise at an annual rate of 2 percent now of course after so many years that this hasn't happened the e.c.b. has to demand what are we doing are we chang

president christine legarde the e.u. commission president has a lot fund a line and mark carney the outgoing bank of england governor is going to take on a role taking over a special envoy to the united nations for climate action and finance a very high profile position change there and investors in monaco are already flocking to green finance the demand in many cases outpaces the offerings out there so investors are eager to get on board for this in many cases at least but only lesson from fits thank you as always for the update. so the topic of climate change other than this necessary shift from fossil fuels to clean energy has reached the financial world and one of the main proponents for a green economy is economists the theorist jeremy rifkin hearing is a washington correspondent all of us ali caught up with him to hear more about his use i think what people don't understand is entire civilizations made out of fossil fuels are fertilizers and pesticides are construction materials are synthetic fiber are packaging. f

president christine legarde said the risks to europe's economy were less pronounced following a u.s. china trade deal lugard also announced the bank would begin a strategic review in focus uncertainty over its inflation target and the possibility that the e.c.b. could introduce climate friendly policies such as the purchase of climate related bonds. and for more on that deal be financial correspondent konrad booze and joins me now from frankfurt conrad why is the e.c.b. so focused on inflation. well it's what the e.c.b. was told to be the inflation the way how consumer prices develop is the number one focus point for the european central bank when it comes to decide how the economy's doing and what sort of monetary policy it needs the problem with this official inflation rate this 2 percent inflation rate target is that it's not been met for many years now and that many economists also people within the e.c.b. believe that this focus is too narrow is too strict and that inflation should be seen differently you know the mainstream in the economic world is changing and that should that