BIS Annual Economic Report, 2021-2022

 

Sunday 26 June 2022 Stagflation risks, the drivers of inflation and the future monetary system feature in the 2022 Annual Economic Report.  Editorial: No respite There is no respite for the global economy. Two years ago, it was shaken by the onset of the pandemic, as an overwhelming health crisis turned into an overwhelming economic crisis. Read more I. Old challenges, new shocks Two powerful forces – the Covid-19 pandemic and the Russian invasion of Ukraine – shaped economic outcomes over the past year. Read more II. Inflation: a look under the hood To better understand inflation, it is key to go beyond aggregate analysis in order to separate relative from generalised price changes and examine their joint dynamics. Read more III. The future monetary system A burst of creative innovation is under way in money and payments, opening up vistas of a future digital monetary system that adapts continuously to serve the public interest. Read more Press release: High inflation calls for timely and decisive central bank action: BIS Annual Report 2021/22 The Annual Report highlights the steps the BIS has taken to deliver on its Innovation BIS 2025 strategy and to respond to the challenges facing central banks: the effects of the Covid-19 pandemic, higher than expected inflation and the impact of the war in Ukraine. Read more Annual General Meeting 2022 Inflation is back, challenging central banks Speech by Agustín Carstens, General Manager Inflation: a look under the hood Speech by Claudio Borio, Head of the Monetary and Economic Department The future monetary system Speech by Hyun Song Shin, Economic Adviser and Head of Research