Bank for International Settlements
BISSpeech
Internal ombudsmen must focus on fair outcomes, Swaminathan says
Reserve Bank of India Deputy Governor Swaminathan J urged banks and regulated entities to empower their internal ombudsmen and focus on fair complaint resolution rather than technical closure.
Focus
BISSpeech
Nagel targets 2027 digital euro pilot and capital market unification
Deutsche Bundesbank President Joachim Nagel called for rapid execution of the EU savings and investments union and confirmed a planned mid-2027 pilot phase for the digital euro.
BISSpeech
Irish fund assets reach 5.6 trillion euros as oversight tightens
The Central Bank of Ireland has published a supervisory review of delegation practices across 121 fund management companies managing 5.6 trillion euros in assets.
Latest
BISPaper
ForeComp package controls size distortion in forecast comparisons
Researchers from the Federal Reserve Bank of Philadelphia and Baltimore Orioles introduced ForeComp, an R package designed to correct small-sample size distortions in Diebold-Mariano forecast evaluation tests using fixed-smoothing asymptotics.
BISPaper
Spreading inventions drive 40 percent of productivity decline
A working paper published by the Federal Reserve Bank of Philadelphia reveals that US inventions have become increasingly dissimilar over the past two centuries.
BISPaper
Unanchored inflation expectations double energy shock impact on prices
A Bank for International Settlements study shows that global energy supply shocks produce more than double the impact on core inflation when household inflation expectations exceed central bank targets.
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BISPaper
CRE bank loans cluster regionally while bond debt spreads globally
A study of the 100 largest euro area commercial real estate groups reveals distinct risk patterns between bank loans and bond markets.
BISPaper
Uncertainty shocks steepen credit surfaces and restrict leverage
A Federal Reserve working paper by John Geanakoplos and David Rappoport shows that uncertainty shocks steepen credit surfaces across leverage ratios.
BISPaper
Below-market mortgage rates curb household mobility by 17 percent
A review of economic literature by Federal Reserve researchers shows that below-market mortgage rates reduced US household mobility by up to 17 percent post-2021.
BISSpeech
Williams sees inflation returning to 2 percent target by 2028
Federal Reserve Bank of New York President John Williams expects US inflation to decline to 3.25 percent by year-end and return to the 2 percent target in 2028, while keeping the policy rate range at 3.5 to 3.75 percent.
BISSpeech
Energy shocks and AI boom split global growth, Panetta warns
Banca d'Italia Governor Fabio Panetta warned that global markets may be underestimating risks from Middle East conflict energy shocks and persistent inflation.
BISSpeech
Supply shocks force trade-off between inflation and employment
RBA Assistant Governor Sarah Hunter warned that increasingly frequent supply shocks are forcing central banks to balance inflation control against economic activity.