Bank of Finland Auditorium
Rauhankatu, 19
Helsinki
Bank of Finland & SUERF will organise a Conference on “Monetary Policy Implementation: Old Wisdoms and New Trends” on Wednesday, 11th June 2025, in Helsinki, Finland. This conference’s unique focus on monetary policy implementation will offer a great opportunity to promote the topic at a critical juncture as well as interact among experts in the field. There will be three sessions that cover the central bank balance sheet, monetary policy instruments and the market for reserves.
The conference is invitation-only and only in person attendance.
08:50– 17.00 (Helsinki time UTC +3)
A new dawn, a new day, a new life for monetary policy implementation
Tuomas Välimäki, Bank of Finland presentationHow much reserves are needed in the steady state?
Thomas Vlassopoulos, European Central BankProfitability and composition of balance sheet. Is the minimum reserve requirement part of a solution?
Heidi Elmér, RiksbankAddressing banks’ liquidity risks in the new technological and mone-tary policy environment
Fernando Restoy, BIS Financial Stability InstituteThe roles of the structural portfolio and the long-term credit operations
Gioia Cellai, Banca d’ItaliaFirst experiences of the new normal – The BoC case
Stéphane Lavoie, Bank of CanadaSteering rates with a facility rather than operations - The dan-gers of stigma
Niko Herrala, Bank of FinlandState of the euro money market
Christoph Rieger, CommerzbankPros and cons of the interbank money market – Does the rise of the secured market change the calculus?
Sriya Anbil, Board of Governors of the Federal ReserveWhy reference rates are important and how does the imple-mentation framework affect them?
Jean-Louis Schirmann, The European Money Markets InstituteTransportation by boat from the Market Square, return by bus
Old wisdoms and new trends
Dinner speech: Francesco Papadia, Bruegel