Banque de France : Farewell Symposium for Christian Noyer - Banque de France and Bank for International Settlements

ULTRA-LOW INTEREST RATES & CHALLENGES FOR CENTRAL BANKS - 12 January 2016 - Paris

Program

The persistence of ultra-low interest rates in advanced economies for several years creates challenges for central banks. This can notably lead to a misallocation of resources or bubbles and is currently associated with persistently low inflation. This 'lowflation' situation is of particular concern given the risk of falling into deflation.

This Symposium is co-organised by the Banque de France (BDF) and the Bank for International Settlements (BIS), as a farewell for Christian Noyer after 12 years as Governor of the BDF and six years as President of the BIS. It will bring together a wide group of leaders representing central banks, governments, international organisations, academia and financial institutions. The participants will debate, in a context of ultra-low interest rates, the lessons for monetary policy beyond the zero lower bound and the legacy for business models and financial stability.

Symposium by invitation only