Recent Posts
News•Feb 25, 2026
Sarah Hunter: Defining Full Employment and Its Intertwined Relationship with Inflation
Sarah Hunter explained that the Reserve Bank of Australia (RBA) defines full employment as the highest sustainable job level compatible with low, stable inflation. She highlighted the intrinsic link between labour market balance and the RBA’s price‑stability mandate, noting that deviations are short‑run but converge over time. The speech underscored that understanding labour dynamics is central to monetary policy decisions. Her remarks also acknowledged Australia’s First Nations custodianship of the land where the address was delivered.
By BIS — Press Releases
News•Feb 18, 2026
Isabel Schnabel: Made in Europe
In a February 2026 lecture, ECB Executive Board member Isabel Schnabel argued that Europe’s narrative of decline is misleading. She highlighted the continent’s high quality of life, strong institutions, and social protections as foundations for future growth. Schnabel emphasized that...
By BIS — Press Releases
News•Feb 18, 2026
David Ramsden: The Evolution of the Bank's Approach to Resolution
Sir David Ramsden, Deputy Governor for Markets and Banking at the Bank of England, outlined how the regulator’s resolution framework has changed since the 2023 failures of Silicon Valley Bank UK and Credit Suisse. He emphasized a shift toward greater...
By BIS — Press Releases
News•Feb 18, 2026
Alberto Naudon: Chile's Economic Outlook
Alberto Naudon, Deputy Governor of the Central Bank of Chile, highlighted that 2025 delivered stronger‑than‑expected growth, with non‑mining activity expanding close to 3% and gross fixed capital formation rising about 7% driven by mining and energy projects. Inflation accelerated early...
By BIS — Press Releases
News•Feb 17, 2026
Philip R Lane: Bulgaria and the Euro
Philip R. Lane praised Bulgaria’s smooth euro cash changeover, noting that euros now represent 70 percent of cash in circulation as the dual‑lev/euro period ends on 31 January 2026. The speech highlighted Bulgaria’s new seat at the ECB Governing Council, giving the country a...
By BIS — Press Releases
News•Feb 17, 2026
Christine Lagarde: Preparing for Geoeconomic Fragmentation
European Central Bank President Christine Lagarde warned that deepening supply‑chain interdependence now poses a security risk, prompting Europe to shift toward strategic autonomy. She outlined three policy levers—diversification, indispensability and independence—to reduce reliance on distant suppliers, especially in electronics, chemicals...
By BIS — Press Releases
News•Feb 17, 2026
Olaf Sleijpen: Repairing the Vending Machine - How the Savings and Investment Union Is Key to Europe's Future
Olaf Sleijpen, governor of De Nederlandsche Bank, highlighted Europe’s €10 trillion of low‑yield household deposits and the need to channel them into productive capital markets through the Savings and Investment Union. He warned that fragmented insolvency regimes and national rules act...
By BIS — Press Releases
News•Feb 17, 2026
Piero Cipollone: The Digital Euro - Strengthening Europe's Payments Ecosystem
In a speech in Nicosia, ECB Executive Board member Piero Cipollone presented the digital euro as a cornerstone for Europe’s payment autonomy, security and competitiveness. He emphasized the ECB’s readiness to issue retail central‑bank digital money while maintaining wholesale settlement...
By BIS — Press Releases
News•Feb 17, 2026
Philip N Jefferson: Economic Outlook and Supply-Side (Dis)inflation Dynamics
Vice Chair Philip N. Jefferson said he is cautiously optimistic about the U.S. economy, noting a 4.4% annualized GDP surge in Q3 2025 and a modest 2.2% growth outlook for 2026. The labor market appears balanced with unemployment hovering near 4.4%...
By BIS — Press Releases
News•Feb 17, 2026
Kazuyuki Masu: Economic Activity, Prices, and Monetary Policy in Japan
Kazuyuki Masu, a Bank of Japan policy board member, highlighted that U.S. auto tariffs rose to 12.5% in 2025, pressuring Japanese car exporters. He noted that the yen’s depreciation has partially offset the earnings hit for automakers. Masu added that...
By BIS — Press Releases
News•Feb 17, 2026
Ida Wolden Bache: Economic Perspectives
Ida Wolden Bache, governor of Norges Bank, delivered her annual address on 12 February 2026, warning that geopolitical power plays and rapid AI advances are reshaping the economic landscape. She cited Mark Carney’s view that economic integration is being used...
By BIS — Press Releases
News•Feb 10, 2026
Irena Radović: Speech - Regional Conference "AML/CFT and Anti-Fraud Procedures for Instant Payments"
Governor Irena Radović opened a regional conference in Podgorica, highlighting the Western Balkans’ push toward instant payments and deeper SEPA integration. She noted that more than forty central banks are collaborating to prepare for the July 2026 launch of Montenegro’s TIPS Clone...
By BIS — Press Releases