September 8, 2023/US Federal Reserve Vice Chair for Supervision Michael S. Barr At the Federal Reserve Bank of Philadelphia Seventh Annual Fintech Conference, Philadelphia, Pennsylvania Thank you for the opportunity to speak today, in the midst of a wave of innovation in the payments system. There are a range of […]
Updates
CBN Communique No. 149 and Personal Statements by MPC Members of July 24-25, 2023
September 7, 2023/CBN 1. ADAMU, EDWARD L. The Monetary Policy Committee (MPC) met in July 2023 against the backdrop of slowing global growth prospects owing to geo-political tensions, high energy prices, and continued anti-inflation policy stances. In April 2023, the International Monetary Fund (IMF) lowered its world output growth projection […]
World Faces Unprecedented Challenges, Rapidly Changing Economic Environment
The world faces unprecedented challenges and a rapidly changing economic environment. A succession of shocks has weakened the global economic outlook and left many countries vulnerable. And this is happening as countries are confronting the green and digital transitions. Fragmentation adds to the challenge. The Bretton Woods institutions – the […]
