Kganyago defends May rate hike to anchor 3 percent target
South African Reserve Bank Governor Lesetja Kganyago defended the central bank's May rate increase, citing a supply shock that pushed up inflation expectations.
Banque de France First Deputy Governor Denis Beau called for stronger oversight of central counterparties amid growing non-bank participation and technological risks.
Bank of Greece Governor Yannis Stournaras highlighted the transformation of the domestic banking sector, where non-performing loan ratios dropped to 3.4 percent and capital adequacy reached 20 percent, while urging structural reforms to sustain growth beyond the EU recovery facility.
Deutsche Bundesbank board member Burkhard Balz marked the 40th anniversary of the central bank's New York representative office on July 7, 2026.
South African Reserve Bank Governor Lesetja Kganyago reaffirmed the central bank's commitment to its new 3 percent inflation target during the 106th Annual General Meeting.
South African Reserve Bank Governor Lesetja Kganyago defended the central bank's May rate increase, citing a supply shock that pushed up inflation expectations.
Reserve Bank of Australia Governor Michele Bullock warned that recurring supply shocks and persistent capacity pressures keep inflation above the 2 to 3 percent target, noting headline inflation reached 4.0 percent in May.
Reserve Bank of India Deputy Governor Rohit Jain urged financial institutions to help build deeper bond, derivative, and money markets to support the country's economic ambitions for 2047.
European Central Bank Executive Board member Philip R. Lane presented analysis on August 17, 2026, showing that rising defence spending across the euro area will moderately boost economic growth and inflation while expanding public debt and long-term interest rates.
The Reserve Bank of Australia considers its monetary policy stance to be somewhat restrictive following three cash rate increases earlier this year.
Reserve Bank of India Governor Sanjay Malhotra urged banks to adopt artificial intelligence responsibly while building strict risk governance.
HKMA Deputy Chief Executive Arthur Yuen urged banks to prepare for quantum computing risks and adopt post-quantum cryptography.