BIS Latest Update - September 2025: Central Bank Mandates, Money Laundering And Tariffs

September 2025

Delivering on central bank mandates in a changing world

Pablo Hernández de Cos explains how central banks can fulfil their price stability mandates in a changing world.

Combating money laundering in crypto

Assigning an anti-money laundering score to cryptoassets can help trace illicit activity to protect the financial system’s integrity.

Tariffs and uncertainty

Tariffs reduce economic growth globally, but the magnitude differs by country. They also tend to raise inflation in imposing countries.

Central bank digital currency work advances

Nine in 10 central banks were working on digital currencies in 2024, according to the latest BIS survey.

Global real house prices decline

In Q1 2025, global real house prices fell by 1.0% year on year, compared with a 1.6% decline in the preceding quarter.

More BIS publications

BIS Announcement: G20 TechSprint 2025 - Trust and integrity in scalable and open finance
The BIS Innovation Hub and South African Reserve Bank, under the G20 Presidency, have announced the 15 finalists for the 2025 edition of the global TechSprint competition.

IFC Bulletin: New insights from financial statements
Central banks are increasingly leveraging the detailed information in published corporate financial statements as a key source for policy-relevant insights.

BIS Working Paper: What is needed for convergence? The role of finance and capital
Manufacturing industries show strong convergence over time, with faster rates seen in industries with greater reliance on human capital.

Upcoming

9-11 September: BIS Innovation Summit. Further details here BIS Innovation Summit 2025: Future-proofing central banks
10 September: Alexandre Tombini speaks at a conference on payment systems commemorating the 100th anniversary of the Bank of Mexico
15 September: BIS Quarterly Review released
23 September: Andréa M Maechler speaks on tariffs and capital flows at Bruegel, Brussels