The international central bank system: conducting monetary policy in a complex environment

This seminar looks at the future implementation of monetary policy and the operational toolkits used by central banks, particularly the European Central Bank.

With a focus on financial market implications, this is the latest in a series of meetings on these issues. Our meetings will cover the interlinkages between the Federal Reserve System and the ECB, the importance of a currency’s international status for domestic economic resilience and more.

The invitation-only meeting convenes around 25 attendees from central banks, international organisations, market participants and financial services sector.

Agenda

15:15-15:30 – Arrival

15:30-16:30 – Session I

• Global financial cycle and interlinkages between the Fed and ECB
• Outlook for the euro area after the ECB interest rate cut
• Is France facing instability – and what will be the effect on Europe? Assessment following the first round of French parliamentary elections

16:30-16:40 – Break

16:40-17:40 – Session II

• Consumer and labour market resilience on both sides of the Atlantic and effects on monetary policies
• Evaluations of central bank operations: how to conduct monetary policy in a world of supply shocks
• Central bank profitability: political and economic implications

17:40-18:30 – Drinks reception