Bank for International Settlements

Trade restrictions hinder foreign direct investment, which has been an important driver of economic growth for emerging market economies. bit.ly/4k6ezy9 #BISAnnualEconReport

Tariffs could inflict significant costs on the global economy and are unlikely to deliver the gains proponents claim. bit.ly/4k0r9Pi #BISAnnualEconReport

A new monetary policy conditions index integrates both conventional and unconventional policy tools. It consistently measures #MonetaryPolicy over time and across regimes, capturing the role of #BalanceSheets even beyond the effective lower bound. bis.org/publ/work1281.…

Strengthening regional trade integration through the African Continental Free Trade Area can foster regional supply chains and reduce reliance on commodity exports. bit.ly/4kQjCmK #BISBulletin #trade #AfCFTA #Africa

Africa faces limited direct exposure to new US tariffs. But indirect effects – like slower global demand and turbulence in global financial conditions – could weigh more heavily. bit.ly/4kQjCmK #BISBulletin #trade #Africa

📅 Save the date! The #BISInnovationSummit is back, on 9–11 September 2025. Policymakers and experts will discuss “Future-proofing central banks” – how institutions can adapt and stay resilient in an era of rapid digital change. More details soon. bit.ly/44xS8fy

"Same risks, same regulation" falls short for #Stablecoins. Tailored rules are needed to address their unique features and risks. bit.ly/44rc0C8 #BISBulletin #Tokenisation #TokenisedBonds #Efficiency

The growing use of foreign currency-backed #Stablecoins could weaken foreign exchange regulations and threaten monetary sovereignty. bit.ly/44rc0C8 #BISBulletin #Regulation #Tokenisation #Cryptoassets

#BaselCommittee identifies interconnections between banks and non-bank financial intermediaries in a new report. Read more: bit.ly/46wzB5O

Government bond tokenisation could improve market efficiency and support financial innovation, but its success depends on addressing regulatory and infrastructure challenges. bit.ly/403H5sZ #BISBulletin #Tokenisation #TokenisedBonds #Efficiency

Despite their early stage, tokenised bonds have lower bid-ask spreads than conventional bonds and comparable issuance costs. bit.ly/403H5sZ #BISBulletin #Tokenisation #GovernmentBonds #Spreads #Liquidity

“Democratising” access to #PrivateCredit may undermine the very features that have made it an attractive asset class, as it erodes benefits from flexible loan terms and the “illiquidity premium” on private loans. bit.ly/46yqa5R #BISBulletin

#RetailInvestors are entering #PrivateCredit at a rapid pace through #BusinessDevelopmentCompanies and private credit #ETFs, raising fundamental questions about the future of private markets. bit.ly/46yqa5R #BISBulletin

For central banks, the past year saw great progress in restoring price stability. At the BIS, we supported them in their pursuit of global monetary and financial stability. Watch the video: bit.ly/44CER5g Learn more in our Annual Report 2024/25: bit.ly/44kC1BX

In case you missed it, listen to the latest episode of BISness, Agustín Carstens and @HyunSongShin discuss the challenges facing the global economy and the policy solutions bit.ly/4kgx7eW #Podcast #BISAnnualEconReport #Trade

A new BIS paper provides a framework to support financial institutions in the transition to quantum-safe cryptographic infrastructures bis.org/publ/bppdf/bis… #QuantumComputing #BISInnovationHub #ProjectLeap #QuantumReadiness

Frank Smets says #trade disruptions and policy uncertainty cloud the global economic outlook, making sound public finances and price stability critical for sustainable #growth. bit.ly/4epvg6n

A new climate-enhanced model measures the impact of extreme weather events on credit risk for banks and supports financial markets in making informed decisions to mitigate #ClimateRisks bit.ly/4l5WmSB

A new BIS paper provides a framework to support financial institutions in the transition to quantum-safe cryptographic infrastructures bis.org/publ/bppdf/bis… #QuantumComputing #BISInnovationHub #ProjectLeap #QuantumReadiness

Listen to the media briefing by Agustin Carstens, Andréa M Maechler and @HyunSongShin about the BIS Annual Economic Report spoti.fi/3Thu2R2 #CentralBanks #BISAnnualEconomicReport #Inflation #Trade