BISness

Central banks face difficult trade-offs when deciding the speed and size of interest rate hikes to counter inflation, as well as how long to keep the policy rate at the peak. Egon Zakrajšek, Senior Adviser in the BIS Monetary and Economic Department, discusses the benefits and risks of "front-loading" rate increases, drawing from a recent BIS Bulletin he co-authored with Paolo Cavallino, Giulio Cornelli and Peter Hördahl.

The BIS Innovation Hub is leading practical experiments to show how CBDCs can help deliver faster, cheaper and more transparent cross-border payments. Codruta Boar, advisor at the Innovation Hub, discusses research that she has co-authored with Morten Bech, Daniel Eidan, Philipp Haene, Henry Holden and Wee Kee Toh. Read more: https://www.bis.org/publ/othp51.htm

Turnover in global foreign exchange (FX) markets reached $7.5 trillion per day in April 2022 in a volatile market, the 2022 Triennial Survey shows. Vlad Sushko, senior economist at the BIS, discusses a shift towards less "visible" FX trading venues. Read more.

Claudio Borio and Hyun Song Shin brief the media on the key takeaways of the BIS December 2022 Quarterly Review and answer questions about FX markets, liquidity conditions, monetary policy and crypto assets.

Innovative technologies can foster a greener future by transforming finance. A case in point is the work being done by the BIS Innovation Hub Centre in Hong Kong. Bénédicte Nolens, head of the center, explains how Project Genesis 1.0 and 2.0 aim at making it more attractive to issue and invest in green bonds.

How can policymakers detect future stress risk in financial markets? Our staff developed new market conditions indicators for three key market segments.

Claudio Borio and Hyun Song Shin summarize the September 2022 Quarterly Review and answer journalists' questions about market developments and the economic outlook.

Asia-Pacific has often been at the centre of global developments in recent years. Siddharth Tiwari, departing Chief of the BIS Office for Asia and the Pacific in Hong Kong, explains how the region and BIS involvement there have evolved

Nana Yaa Boakye-Adjei, Senior Consultant at the World Bank, speaks about Financial Inclusion, CBDC and the work she has been doing during her secondment with the FSI at the BIS.

High inflation and mounting growth headwinds raise the prospects of global stagflation and call for quick and decisive action by central banks, says Agustín Carstens, presenting the BIS's Annual Economic Report.