Global Economy and Monetary Policies Discussed at Istanbul Economic Forum
Global uncertainties, inflation dynamics, central bank policies, and the impacts of artificial intelligence are being addressed at the economic gathering held in Istanbul.
On the first day of the Istanbul Economic Forum, economic management and international central bank governors came together to discuss the global economic outlook, geopolitical risks, and monetary policy decisions.
Forum Opening Program and Participants
The first-day program of the Istanbul Economic Forum on October 8 brought together international economic management and central bank officials from various countries. Throughout the day, the general outlook of the global economy, monetary policy decisions, and the effects of technological transformation are being debated.
Strategic Outlook in the Global Economy Panel
Moderated by CBRT Governor Fatih Karahan, the Strategic Outlook in the Global Economy panel evaluated the impacts of geopolitical risks on the economic outlook and the potential responses of central banks.
Speeches by International Central Bank Officials
As part of the program, Federal Reserve Board Member Christopher J. Waller delivered a keynote speech, while Egyptian Minister of Finance Ahmed Kouchouk gave a special address. Bank of England Governor Andrew Bailey's keynote speech was also among the major highlights of the day.
Monetary Policy in an Environment of Uncertainty Session
At the Monetary Policy Under Uncertainty panel, moderated by Hong Kong Monetary Authority Chief Executive Eddie Yue, diverging monetary policies, expectation management, and different approaches to inflation targeting were discussed.
Economic Impacts and Future of Artificial Intelligence
In the final session of the day, the opportunities and risks of artificial intelligence on monetary policy, labor markets, and economic activity were evaluated, and central banks' adaptation to technological transformation was discussed.