BISness

Johannes Ehrentraud explains the evolving relationship between banks and tech firms in the financial sector.

Hyun Song Shin summarises the March 2025 BIS Quarterly Review and, along with Gaston Gelos and Frank Smets, answers journalists’ questions about market developments, the state of the global economy and fiscal policy.

Cecilia Skingsley reflects on the first five years of the BIS Innovation Hub and discusses how it can continue to be useful to the central banking community.

Claudio Borio and Hyun Song Shin delve into the urgent global fiscal concerns surrounding rising public debt. They explore the implications of tariffs on inflation and how these factors shape monetary policy. Key insights address the broader impact on financial markets and the overall economic landscape, revealing the intricate connections between fiscal strategies and market dynamics.

Andréa M Maechler explains why price stability matters for consumers, employers, and investors and how central banks provide trust in money on three fronts, among other topics.

Holti Banka, a Senior Financial Sector Specialist at the World Bank, tackles the intriguing relationship between fast payments and central bank digital currencies (CBDCs). He highlights how these two systems can either clash or collaborate. The discussion reveals their shared goals and distinct impacts on policy. They delve into the research on retail CBDCs and fast payments, exploring implementation challenges and the crucial role of central banks. The conversation wraps up with insights into future innovations, emphasizing regulatory needs and cross-border interoperability.

Bank of France Governor François Villeroy de Galhau, Bank of Japan Governor Kazuo Ueda, Bank of Spain Governor José Luis Escrivá and European Central Bank President Christine Lagarde discuss the implications of climate change for the real economy and central banks. Link to event page: https://www.bis.org/events/green_swan_2024/overview.htm

Deniz Igan explains the drivers and implications of the strong growth of housing costs despite a decline in inflation.

Claudio Borio and Hyun Song Shin summarise the September 2024 Quarterly Review and answer journalists' questions about financial market developments and the economic outlook. 

Andreas Schrimpf and Vladyslav Sushko explain the drivers and implications of the unwinding of carry trades, which were associated with financial market turbulence in August 2024.