BIS Central Banker Speeches

An anchor of stability in uncertain times

Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, delivered remarks to the Brandon Chamber of Commerce on March 26, 2026, discussing three major economic forces shaping Canada's economy: global trade policy and US protectionism, demographic shifts, and artificial intelligence. The speech addressed central bank independence and the current affordability concerns of Canadians without announcing new policy measures.

Central banks must evolve from stability keepers to resilience architects

Bank Negara Malaysia Governor Abdul Rasheed Ghaffour delivered a keynote address at the Central Banking Meetings in Kuala Lumpur on March 31, 2026, arguing that central banks must evolve beyond their traditional role as stability keepers to become architects of resilience. The speech addresses structural shifts confronting economies including geopolitical conflict, trade fragmentation, digital transformation, and climate change, asserting that resilience building is central to central bank mandates rather than an extension of it.

Little Time Left to Wake Up - Can We Reconcile Europe with Speed?

François Villeroy de Galhau, Governor of the Banque de France, delivered his final speech at the Eurofi High Level Seminar, reflecting on European urgency and the need for faster policy delivery. The speech emphasized that Europeans know what needs to be done but must overcome institutional inertia to act with greater speed. Drawing on Stoic philosophy from Cyprus, the birthplace of Zeno, Villeroy called for lucidity about unchangeable circumstances and determination to change what must be addressed.

Bridge to the Future - Mobilising Europe's Savings in a Fragmenting World

Gabriel Makhlouf, Governor of the Central Bank of Ireland, delivered a speech at the 2026 Eurofi High Level Seminar highlighting Europe's savings-investment gap. While euro area household deposits approach €10 trillion with savings rates around 15 percent, investment through European capital markets has not kept pace. The EU requires an estimated additional €750-800 billion annually by 2030 to meet investment needs. Makhlouf advocated for deepening the Single Market and strengthening the Savings and Investments Union to channel savings into productive investment.

Climate risk and sustainable finance - bridging policy, research and practice

Bank of Spain Deputy Governor Soledad Núñez delivered remarks at a joint BIS-NGFS conference on climate risk and sustainable finance, discussing how climate change creates physical and transition risks affecting financial stability. The speech highlighted increasing extreme weather events, their localized economic impacts, and the importance of long-term climate action for the financial sector.