Monetary Policy Report Press Conference Opening Statement –…

Good morning. Senior Deputy Governor Wilkins and I are pleased to be with you to answer your questions about today’s policy announcement and Monetary Policy Report (MPR). The COVID-19 pandemic has caused an unprecedented fall in economic…

Bank of Canada will maintain current level of…

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The…

yearly low, extensions

Navigating Monetary Policy through the Fog of COVID

The COVID-19 contraction is unprecedented in modern times for its severity and speed. Following the deepest plunge since the Great Depression, employment and activity rebounded faster and more sharply than anticipated. But the recent resurgence…

IMF

Toward a More Resilient Europe – AN IMF…

Europe, like the rest of the world, faces an extended crisis. An element of social distancing—mandatory or voluntary—will be with us for as long as this pandemic persists. This, coupled with continued supply chain disruptions…

reserve bank of new zealand, TLF, Workplaces, Commercial Bank of China, financial system, money

RBNZ: Leadership appointments in Reserve Bank’s Money Group

Two appointments to senior leadership roles in the Reserve Bank's Money Group show the Bank's commitment to developing and preparing for the future of physical and electronic payments, Assistant Governor Christian Hawkesby says. Ian Woolford…

IMF, crisis, External Advisory Group, economy, Climate, buffers, growth, Monetary

Speech on the Global and Asia Economic Outlook

Hello, everyone. It gives me great pleasure to join you today at the Greater Bay Area Chief Economist Forum and to engage in dialogue with you on issues of Global and Asia Economic Outlook and…

economy, COVID, eligible, policy, model, jobs, FSB, extensions

FED: Global in Life and Orderly in Death:…

Vice Chair for Supervision and Chair of the Financial Stability Board (FSB) Randal K. Quarles At the Exchequer Club, Washington, D.C. (via webcast) Good afternoon ladies and gentlemen. I would like to thank the Exchequer…

BIS, International Settlements, Basel III

BIS: Basel Committee reports on Basel III implementation…

Report sets out the adoption status of Basel III standards in member jurisdictions as of end-May 2020 Report shows further progress in implementing these standards since previous report in October 2019 Committee will continue to…