This year's Annual Economic Report examines how the global economy is faring as progress meets rising perils – including a new fiscal-financial stability nexus and shifting inflation dynamics.
- Editorial: From resilience to robustness?
- Chapter I: Progress and peril
Driven by progress in AI, the global economy weathered shocks, but mounting risks call for prioritising price and financial stability, as well as fiscal sustainability.
- Chapter II: High public debt and shifting financial markets: challenges for central banks
Central banks face mounting challenges from the interplay of high public debt with the growing role of non-banks.
- Chapter III: Anchoring trust in money: innovation beyond stablecoins (pre-released on 23 June 2026)
Digital innovation is transforming finance. It creates opportunities, but also poses challenges and raises the question on how to preserve trust in money.
Press release: Global economic pressure points call for policy discipline: BIS
Annual Report 2025/26
Our Annual Report introduces the BIS's new strategy and shows how the BIS has supported stakeholders throughout the year.
Annual General Meeting 2026
- Speech by Pablo Hernández de Cos, General Manager: Strengthening foundations for the future
- Speech by Frank Smets, Acting Head of Monetary and Economic Department: Anchoring trust in money: innovation beyond stablecoins
