NBU, Narodowy Bank Polski to hold first central banking transformation conference

NBU, Narodowy Bank Polski to hold first central banking transformation conferenceThe National Bank of Ukraine jointly with the Narodowy Bank Polski on May 19 and May 20 will hold the first annual research conference "Transformation of Central Banking" in Kyiv, the NBU has reported on its website.

The NBU said that the conference is expected to be attended by representatives of central banks from more than 15 countries. This conference will convene more than 200 participants, including representatives of international financial institutions, domestic and international academia and the expert community.

The conference will address the following key issues: the institutional transformation of central banking, interaction of monetary policy and financial stability, state-of-the-art technologies and their impact on the activities of central banks, and capital flow management in the context of financial globalization.

NBU Governor Valeriya Gontareva said the conference would focus on innovative changes that have taken place over recent years in central banks.

"The NBU has to be geared toward meeting future goals, keeping pace with the world's leading central banks and seeking to get where these banks see themselves in five-ten years," she said.

Read also: Ukraine to issue eurobonds under U.S. guarantees - Finance Minister

The conference agenda includes three panel discussions, five research sessions and speeches by President of Narodowy Bank Polski Marek Belka, Economic Counsellor and Director of Research at the International Monetary Fund Maurice Obstfeld, Vice Chairman of the BlackRock Investment Institute Philipp Hildebrand, and Gonatreva.

Deputy NBU Governor Dmytro Solohub said that the recent years have brought fundamental changes to central banking, which continues to undergo further changes.

"When it comes to monetary policy, the leading central banks are giving a serious thought to deploying innovative instruments to tackle deflationary pressures, such as negative interest rates, helicopter money, quantitative easing programs, foreign exchange interventions, and the imposition of ceilings for the exchange rate," he said.
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