Bank for International Settlements
Treasury supply shocks impact yields and private activity
A new BIS study identifies two distinct Treasury supply shocks – debt expansion and maturity adjustment – and their differing impacts on financial conditions and economic activity.
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Makhlouf outlines ECB policy response to supply shocks and uncertainty
Gabriel Makhlouf, Governor of the Central Bank of Ireland, discussed the challenges for inflation, growth, and monetary policy in a world of geoeconomic fragmentation.
France's central bank advocates for euro stablecoin dominance
Denis Beau, First Deputy Governor of the Bank of France, emphasized the need for Europe to secure its payment system against the "dollarisation" of stablecoins.
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Villeroy de Galhau signals vigilance, warns of likely rate increases
François Villeroy de Galhau, Governor of the Banque de France, emphasized the need for vigilance in monetary policy amid global uncertainty.
De Guindos warns of geopolitical risks, urges European integration
ECB Vice-President Luis de Guindos highlighted Europe's challenges amid geopolitical turbulence and advocated for deeper integration in a lecture in Tallinn on March 26, 2026.
Lane highlights AI's economic transformation and euro area adoption gaps
Philip R. Lane, Member of the Executive Board of the ECB, discussed the transformative potential of artificial intelligence for the euro area economy.
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Williams highlights resilient economy amid inflation crosscurrents
Federal Reserve Bank of New York President John C Williams discussed the U.S. economy's resilience and the Federal Reserve's dual mandate goals.
Thai economy shows resilience but needs structural transformation
Piti Disyatat, Deputy Governor of the Bank of Thailand, highlighted the Thai economy's resilience but stressed the urgent need for structural transformation.
Makhlouf calls for action to unlock Irish retail investment potential
Gabriel Makhlouf, Governor of the Central Bank of Ireland, called for concerted action to address low retail investment at the inaugural Savings and Investment Forum on March 31, 2026.
Scenario analysis quantifies Iran War's impact on U.S. inflation
A new working paper from the Federal Reserve Bank of Dallas quantifies the inflationary impact of the 2026 Iran War on U.S. headline and core PCE inflation.
Quality mismeasurement masks true manufacturing productivity growth
A new BIS working paper argues that conventional measures significantly understate manufacturing productivity growth due to a failure to fully capture quality improvements.
Financial stability communication lags monetary policy, emphasizes risks
A new BIS working paper examines central bank communication on financial stability, finding it lags monetary policy communication and is persistently risk-focused.