Bank for International Settlements
Realized US tariffs fully pass to prices, labor markets unaffected
A Federal Reserve Bank of Richmond paper finds that 2025 U.S. import tariffs were almost fully passed through into import prices.
Focus
Kažimír: Slovakia's transformation offers lessons for new normal
National Bank of Slovakia Governor Peter Kažimír shared Slovakia's three-decade economic transformation journey at the Central Bank of Uzbekistan.
Zambia pushes financial literacy amid low knowledge
Bank of Zambia Governor Denny Kalyalya highlighted persistent financial illiteracy in Zambia despite ongoing efforts.
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Villeroy de Galhau: Transatlantic partnership crucial amid uncertainty
Banque de France Governor François Villeroy de Galhau emphasized the continued importance of the transatlantic partnership.
Bailey: Central bank independence needs rethinking
Bank of England Governor Andrew Bailey argued that the modern concept of central bank independence (CBI) is incomplete, particularly regarding financial stability.
Radev: Geopolitics now key to macro outlook, policy choices
Dimitar Radev, Governor of the Bulgarian National Bank, stated that the current environment is defined by a widening range of outcomes, with geopolitics directly influencing macroeconomic variables.
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Madouros: Non-bank finance resilience needs stronger safeguards
Vasileios Madouros, Deputy Governor of the Central Bank of Ireland, called for stronger safeguards for non-bank finance.
Jónsson: Social covenant crucial for Iceland's price stability
Ásgeir Jónsson, Governor of the Central Bank of Iceland, reflected on 25 years of inflation targeting at the 65th Annual Meeting.
Beau: AI poses challenges for central bank policy and sovereignty
Denis Beau, First Deputy Governor of the Banque de France, outlined the significant challenges posed by artificial intelligence for central bank objectives and internal operations in a speech on April 2, 2026.
BIS maps global AI firm geography and supply chain roles
A new Bank for International Settlements (BIS) working paper traces the global distribution and economic characteristics of 1,246 AI-producing firms across 32 economies.
Soft credit lowers volatility but slows growth
A new Federal Reserve working paper finds that policies saving distressed firms reduce economic volatility but also slow long-term growth.
Stablecoins face 'moneyness' limits, pose policy challenges
Pablo Hernández de Cos, BIS General Manager, framed the debate on stablecoins at a Bank of Japan seminar.