Central Banks Live: Speeches, Interviews, and Testimony

Barr, Commencement Remarks

Speech At the American University School of Public Affairs Graduation Ceremony, Washington, D.C.

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Piero Cipollone: Digital euro: Stocktake and next steps

Cook, Current Assessment of Financial Stability

Speech At the Brookings Institution, Washington, D.C.

Monsters in the deep? − speech by Jonathan Hall

Given at University of Exeter Business School

Cook, "Oh, the Places You’ll Go and the Things You’ll Do"

Speech At the 2024 Commencement, Georgia College and State University College of Business and Technology and College of Arts and Sciences, at separate ceremonies, Milledgeville, Georgia

Philip R. Lane: The analytics of the monetary policy tightening cycle

Stage 2 Cost Recovery Impact Statement: Building Consent Authority Accreditation Scheme

Legislation: Building Act 2004Ministerial portfolio: Building and ConstructionDocument on Ministry of Business, Innovation and Employment website at April 2024: Stage 2 Cost Recovery Impact Statement: Building Consent Authority Accreditation Scheme (links to PDF)Assessment: RIS adequacy assessed by authoring agencyLink to associated Regulatory Impact Statement on The Treasury Website at April 2024:

Regulatory Impact Statement: Detailed policy for a Digital Identity Trust Framework

Legislation: Digital Identity Services Trust Framework Act 2023Ministerial portfolio: Digitising GovernmentDocument on Department of Internal Affairs website at April 2024: Regulatory Impact Statement: Detailed policy for a Digital Identity Trust Framework (links to PDF)Assessment: RIS adequacy assessed by authoring agency.

Regulatory Impact Statement: Progressing Digital Identity: Establishing a Trust Framework

Legislation: Digital Identity Services Trust Framework Act 2023Ministerial portfolio: Digitising GovernmentDocument on Department of Internal Affairs website at April 2024: Regulatory Impact Statement: Progressing Digital Identity: Establishing a Trust Framework (links to PDF)Assessment: RIS adequacy assessed by authoring agency and the Treasury.

Regulatory Impact Statement: Digital Identity Services Trust Framework Regulations

Legislation: Digital Identity Services Trust Framework Act 2023Ministerial portfolio: Digitising GovernmentDocument on Department of Internal Affairs website at April 2024: Regulatory Impact Statement: Digital Identity Services Trust Framework Regulations (links to PDF)Assessment: RIS adequacy assessed by authoring agency.

Climate change, the macroeconomy and monetary policy - slides by James Talbot

Annual Dow Lecture given at the National Institute of Economic and Social Research

Isabel Schnabel: The state contingency of monetary policy transmission

Private equity financing − speech by Rebecca Jackson

Given at UK Finance

Regulatory Impact Statement: ECE Regulations – Changes to requirements for person responsible

Legislation: Education and Training Act 2020Ministerial portfolio: Education (Partnership Schools)Document on Ministry of Education website at April 2024: Regulatory Impact Statement: ECE Regulations – Changes to requirements for person responsible (links to PDF)Assessment: RIS adequacy assessed by authoring agency.

Luis de Guindos: Interview with Le Monde

Not-so-private questions − speech by Nathanaël Benjamin

Given at Bloomberg

Christine Lagarde: IMFC Statement

Bowman, Opening Remarks

Speech At the 2024 New York Fed Regional and Community Banking Conference, New York, New York (via prerecorded video)

Stage 2 Interim Cost Recovery Impact Statement: Fire and Emergency Part 3 levy rates 2026-2029

Legislation: Fire and Emergency New Zealand Act 2017Ministerial portfolio: Internal AffairsDocument on Fire and Emergency New Zealand's website at April 2024: Stage 2 Interim Cost Recovery Impact Statement: Fire and Emergency Part 3 levy rates 2026-2029Assessment: RIS adequacy assessed by authoring agency.

Bowman, Risks and Uncertainty in Monetary Policy: Current and Past Considerations

Speech At “Frameworks for Monetary Policy, Regulation, and Bank Capital” Spring 2024 Meeting of the Shadow Open Market Committee, hosted by the Manhattan Institute, New York, New York

Kugler, The Outlook for the U.S. Economy and Monetary Policy

Speech At the Weidenbaum Center on the Economy, Government, and Public Policy, Washington University in St. Louis, St. Louis, Missouri

Bowman, Bank Liquidity, Regulation, and the Fed's Role as Lender of Last Resort

Speech At The Roundtable on the Lender of Last Resort: The 2023 Banking Crisis and COVID, sponsored by the Committee on Capital Markets Regulation, Washington, D.C.

Cook, Hope, Promise, and Mentors

Speech At the Samuel DuBois Cook Center Career Achievement Awards Ceremony, the University Club, Washington, D.C.

Market resilience, non-bank financial institutions and the central bank toolkit – practical next steps− speech by Nick Butt

Given at ISDA virtual conference on Procyclicality and Margin Practices

A weathervane for a changing world: refreshing our data and analytics strategy − speech by James Benford

Given at Big Data and AI World, part of Tech Show London, at the ExCeL centre, Royal Victoria Dock, London

Bond trading, innovation and evolution: a Bank of England Perspective − speech by Dave Ramsden

Given at Glaziers Hall, AFME Bond Trading, Innovation and Evolution Forum

Worlds apart? UK inflation and monetary policy in an international context - speech by Megan Greene

Given at Fitch HQ, London

Mind the gap(s): Inflation data and prospects - speech by Catherine L. Mann

Given at the Official Monetary and Financial Institutions Forum

Non-bank risks, financial stability and the role of private credit – speech by Lee Foulger

Given at Deal Catalyst/AFME direct Lending and Middle Market Finance Conference

Monetary policy as engineering? − speech by Sarah Breeden

Given at the Institute of International Finance’s Talking Policy Series

The weekend starts here − speech by Dave Ramsden

Given at Deloitte, London

Opening remarks at the 50th anniversary of the London Foreign Exchange Joint Standing Committee (FXJSC) - Andrew Bailey

Given at FXJSC 50th Anniversary event held at the Bank of England, London

The modern gatekeeper − speech by Nathanaël Benjamin

Given at TheCityUK

Back to the future − speech by Dave Ramsden

Given at the Society of Professional Economists Annual Conference, hosted by Bloomberg

2023-11-18 - Thomas Jordan: Independence in research and monetary policy - a critical success factor for Switzerland

2024-03-21 - Thomas Jordan / Martin Schlegel / Antoine Martin: Introductory remarks, news conference

2024-04-09 - Martin Schlegel: Interest rates and foreign exchange interventions: Achieving price stability in challenging times

For decades, the exchange rate has played a key role for the Swiss economy and for the Swiss National Bank's monetary policy. However, it was only with the global financial crisis in 2008/2009 that the SNB started to intervene in the foreign exchange market on a large scale. Foreign exchange interventions were necessary to achieve the SNB's mandate of price stability. To maintain price stability, the SNB influences monetary conditions - primarily by setting the SNB policy rate as well as by intervening in the foreign exchange market if necessary. The SNB has used foreign exchange interventions both in phases of low and high inflation. It purchased foreign currency between 2009 and 2021 to counteract deflation risk when the policy rate was close to its effective lower bound. Without these purchases, inflation would have been even lower. When inflation surged after the coronavirus pandemic, the SNB sold foreign currency to tighten monetary policy. Foreign currency sales complemented policy rate hikes and dampened imported inflation in particular. This policy mix succeeded in bringing inflation back into the range of price stability. There are, however, side effects to foreign exchange interventions. The foreign currency purchases resulted in a significant expansion of the SNB's balance sheet, which in turn led to an increase in the volatility of its annual results. The SNB therefore needs to hold sufficient capital to bear potential losses.

2024-04-26 - Barbara Janom Steiner: A robust institutional framework as the foundation for success

The SNB's mandate is to ensure price stability while taking due account of economic developments. Price stability is central to the functioning of the economy and to overall prosperity. It is therefore crucial for Switzerland that the SNB fulfil its statutory mandate. The SNB must also be accountable in this. The basis for the SNB's successful fulfilment of its mandate is the institutional framework within which it operates. This framework is comprised of its independence and its narrowly defined statutory mandate. The legislator granted the SNB independence from political influence and special interests so that it can also make difficult and unpopular decisions if necessary. Expanding the mandate to include objectives other than price stability would waste resources and inevitably lead to conflicts of interest. Recently, however, there has been a growing number of calls for the SNB to change. These demands for change come from a wide variety of political and ideological directions, but they almost always take aim at the tried-and-trusted pillars of our institution. The SNB does not shy away from criticism. On the contrary, it engages with it. But recent critics must ask themselves whether they are trying to change something that doesn't need to be changed. The SNB functions very well, and it fulfils its mandate excellently, even in times of crisis. Having said this, and despite its strong performance in recent years, the SNB is not standing still, but rather is continuously analysing its structures and processes and adapting these where necessary. For example, we recently increased the number of deputy members of the Governing Board. Demands that restrict a central bank's independence or weaken its institutional framework by diluting its mandate or making ill-considered changes to its organisational structure jeopardise price stability and, ultimately, social cohesion in our country. The SNB is very well positioned to fulfil its mandate successfully in the future. To ensure that this remains the case, it is important to stand up for the SNB's proven and stable institutional framework.

2024-05-06 - Thomas Jordan: Project Helvetia III - The SNB's pilot for wholesale CBDC