Promoting global monetary & financial stability since 1930

Basel, Switzerland
Several factors (eg oil well and infrastructure damage, logistical bottlenecks) could delay the full restoration of oil and gas supply upon the reopening of the Strait of Hormuz, possibly leading to persistent macroeconomic repercussions bit.ly/4vruGN5
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BIS Annual Economic Report: the fiscal-financial stability nexus – high debt plus a growing role for non banks in sovereign debt markets – may amplify stress and create challenges for central banks. Read more at bit.ly/3QQdSQX #BISAnnualEconReport
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Supply chain reconfiguration bolstered global economic resilience in 2025. ASEAN exports of AI-enabling products surged, offsetting a decline in Chinese exports and meeting strong demand from advanced economies. bit.ly/4vruGN5
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Resilience in 2025 driven by progress in AI, but heightened risks of rising inflation, uncertainty over the sustainability of the AI investment boom, financial fragilities, near record-high public debt, plus the Strait of Hormuz shock call for policy discipline.
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The BIS has published its Annual Report, presenting the key activities and financial results for the year 2025/26. Read more: bit.ly/4g9CZbK
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This year’s #BISAnnualEconReport sets out how policy can safeguard stability amid inflation pressures, #AI investment risks, financial fragilities, high public debt and a new fiscal-financial stability nexus. bit.ly/4uTuCEE
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📅 Coming soon: The BIS Annual Economic Report 2026, released this Sunday, 28 June, will cover a new fiscal–financial stability nexus, inflation risks, AI boom risks, financial fragilities and high public debt, and look into policy priorities. #BISAnnualEconReport
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How should policy shape the future monetary system? Gaston Gelos answers this question from the #BISAnnualEconReport Chapter III. Read the full chapter: bit.ly/4vwfjCY
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Gaston Gelos answers: what happens if #stablecoins gain in popularity? Dive into Chapter III of the #BISAnnualEconReport to explore their potential role in the evolving monetary system. bit.ly/4vwfjCY
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New BISness #podcast episode: Gaston Gelos and Frank Smets on stablecoins, tokenisation and safeguarding trust in money in the future monetary system 🎙 bit.ly/3FteNhg #BISAnnualEconReport
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Gaston Gelos answers from the #BISAnnualEconReport Chapter III: what the impact of accelerating innovation might be. Read the full chapter: bit.ly/4vwfjCY
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Digital innovation can modernise finance, but trust in money must be preserved. #BISAnnualEconReport Chapter III highlights: #tokenisation’s potential, the limits of today’s #stablecoins, and the coordinated policy path forward. bit.ly/4vwfjCY
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Digital innovation can modernise finance, but trust in money must be safeguarded. Chapter III of the #BISAnnualEconReport 2026 sets out how to bring tokenisation into the two‑tier system and address stablecoin flaws. bit.ly/4vwfjCY #Tokenisation
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Reserve-based yields closely follow the policy rate. By contrast, activity-based yields tend to reflect the impact of the policy rate on stablecoin-related activities. Thus, stablecoin yields tend to rise after policy rate cuts. bit.ly/4vSSrxk #BISBulletin
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Centralised exchanges pay stablecoin holders with issuers’ reserve income or revenue from intermediation activity. Reserve-based yields follow policy rates closely, while activity-based yields are more volatile. bit.ly/4vSSrxk #BISBulletin
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📅 Mark your calendars: The BIS Annual Economic Report 2026, released on 28 June, will cover a new fiscal–financial stability nexus, inflation risks, AI boom risks, financial fragilities and high public debt and look into policy priorities. #BISAnnualEconReport
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A new working paper studies how to build sovereign bond portfolios that integrate “carbon returns” with traditional financial returns to balance financial & environmental risks. Results align decarbonisation with performance bit.ly/4aADKa1 #ClimateFinance #SovereignBonds
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The BIS 2025 Triennial Survey of FX markets classifies the use of FX settlement methods to shed new light on FX settlement risk, ie the risk that one party to an FX trade fails to deliver the currency owed. bit.ly/4erfl8e #BISQuarterly #BISStatistics
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Bond yields don't react the same way to all economic surprises. BIS research finds that disagreement among forecasters dampens market moves, but high monetary policy uncertainty amplifies them. Covid-19 reversed the impacts of inflation and jobs data. bit.ly/3SAM0AD
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