Alejandro Díaz de León: Third International Finance and Economics Program Meeting of the Central Bank Research Association

Remarks by Mr Alejandro Díaz de León, Governor of Bank of Mexico, at the "Third International Finance and Economics Program Meeting of the Central Bank Research Association" Mexico City, 5 December 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Good morning, everyone. On behalf of Banco de México, I am pleased to welcome you to the "Third Annual International Finance and Macroeconomics Program Meeting" of the Central Bank Research Association, sponsored by Banco de México and the Inter-American Development Bank, and co-organized by the Research Departments of these two institutions jointly with the Federal Reserve Bank of San Francisco.

This year, Banco de México is celebrating 25 years of independence. This is certainly a good occasion to reflect on the functions and challenges currently faced by central banks.

The set of sessions will address various topics that conform a very solid program, covering issues such as Spillovers of Conventional and NonConventional Monetary Policy; the role played by Global Banks; and the Spillovers of News and Uncertainty. They will also address the Interactions of Macroprudential and Monetary Policy and the debate around the "Policy Trilemma", and to what extent it is actually a "Dilemma" for policymakers.