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Released at the BIS Annual General Meeting:
Annual Economic Report 2025
Our Annual Economic Report tackles trade tensions, global economic challenges, the rise of non-banks and the future monetary system.
Editorial: At a crossroads: policy challenges in a shifting world
Chapter I: Sustaining stability amid uncertainty and fragmentation
Trade disruptions and policy uncertainty cloud the global economic outlook, making sound public finances and price stability critical for sustainable growth.
Chapter II: Financial conditions in a changing global financial system
Fundamental shifts in the global financial system since the Great Financial Crisis have made financial markets more interconnected.
Chapter III: The next-generation monetary and financial system
Tokenised platforms with central bank reserves, commercial bank money and government bonds can underpin the next-generation monetary and financial system.
Press release: Trade tensions and uncertainty cloud global economy: BIS (French, German, Italian, Spanish)
Annual Report 2024/25
Our Annual Report highlights the achievements of the BIS's most recent medium-term strategy, Innovation BIS 2025, and shows how the BIS has supported stakeholders during the year.
Annual General Meeting 2025
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