International Monetary Fund
World Bank GroupNew Challenges for Central Banking in Latin America
imf seminars event
DATE: October 8, 2015
DAY: Thursday
11:45 AM - 1:00 PM Lima Time
LOCATION: Lima Convention Center 6 - Pachacamac
Overview
Over the past two decades, many central banks in Latin America have made important strides—establishing inflation-targeting framework and delivering low and stable inflation to much (though not all) of the region. However, important new challenges have arisen. These center around (i) the impact of global financial cycles that complicate and can possibly overpower domestic monetary policymaking; (ii) the largely untested coordination of monetary and macro-prudential policies across different institutional arrangements; and (iii) global disinflationary pressures that, while not yet of concern in Latin America, could at some point necessitate the use of unconventional policies. This seminar will bring together the heads of five major Latin American central banks to discuss the key challenges confronting monetary policy in the region and the strategies needed to address them.Media Partners
New Challenges for Central Banking in Latin America
Latin America in the Spotlight
Panelists
Moderator: Nemat Shafik
Nemat (Minouche) Shafik is Deputy Governor for Markets and Banking at the Bank of England, where she has responsibility for the Bank’s balance sheet and its interaction with financial markets. She is a member of the Monetary Policy Committee, sits on the Prudential Regulation Board, and attends the Financial Policy Committee. Prior to joining the Bank, she was Deputy Managing Director of the International Monetary Fund from 2011–14 where she was responsible for policy and programmes in Europe and the Middle East. Prior to that she was Permanent Secretary of the UK’s Department for International Development.
