Bank for International Settlements
Maechler: Trust in digital money key for future finance
BIS Deputy General Manager Andréa M Maechler emphasized the critical role of trust in money amidst digital innovations like tokenisation.
Focus
Geopolitical risk fragments capital flows, hinders risk-sharing
A new working paper finds that high geopolitical risk leads to financial fragmentation, redirecting bilateral official lending towards allied countries.
Scotti: Digital euro ensures public money in digital economy
Chiara Scotti, Deputy Governor of Banca d'Italia, argued for the digital euro as essential to preserve public money in an increasingly digital economy.
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Cook stresses small business role, data quality and AI adoption
Federal Reserve Governor Lisa D Cook emphasized the critical role of small businesses in the U.S. economy.
Tamura: Japan's 2% inflation target achieved, risks skewed up
Bank of Japan Policy Board Member Naoki Tamura stated his view that Japan's 2 percent price stability target has already been achieved, with risks to prices skewed to the upside.
Hauser: Nonlinear Phillips curve shapes monetary policy
BIS Deputy Governor Andrew Hauser highlighted the critical importance of the nonlinear Phillips curve for monetary policy.
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Zhu Hexin: China to deepen capital account opening
Zhu Hexin, Deputy Governor of the People's Bank of China, outlined the country's strategy to deepen capital account opening.
Kazakhstan cuts base rate by 100bp to 17 percent
The National Bank of Kazakhstan has reduced its base rate by 100 basis points to 17 percent.
Two-country models cannot match markups, switching and pass-through
A new working paper identifies a fundamental trilemma in two-country DSGE models.
Diversity strengthens euro area monetary policy
Martin Kocher, Governor of the Oesterreichische Nationalbank, concluded a conference on monetary policy trade-offs in Vienna on June 19, 2026.
Malhotra: RBI strengthens MSME finance, fosters growth
Reserve Bank of India Governor Sanjay Malhotra emphasized the vital role of Micro, Small and Medium Enterprises (MSMEs) in India's economy.
Macklem: Global imbalances fuel financial stability risks
Bank of Canada Governor Tiff Macklem warned that widening global imbalances are fuelling financial stability risks.