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ECB’s Elderson: Climate Shocks Increasingly Affect Growth, Inflation

ECB’s Elderson: Climate Shocks Increasingly Affect Growth, Inflation

By David Barwick – FRANKFURT (Econostream) – Climate-related shocks are increasingly affecting both economic activity and inflation and are becoming structural drivers of economic and financial outcomes, European Central Bank Executive Board member Frank Elderson said Monday.

19 October 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 19 October 2026

Meeting Bias

ECB Governing Council Meeting