The Austrian National Bank (OeNB) published an event note and opening remarks for its 52nd Economics Conference in Vienna, organised with SUERF under the theme “Monetary policy and structural tectonic shifts”. Governor Robert Holzmann positioned the conference around how central banks can maintain price stability as structural economic and geopolitical changes reshape the context for monetary policy, including potential implications for the euro’s role as an international reserve currency. Key challenges cited included rapid advances in artificial intelligence and the growing global reach of US dollar-pegged stablecoins such as Tether and USDC, both framed as having regulatory and monetary-policy implications. Holzmann also pointed to heightened uncertainty from shifting economic signals from the United States, including withdrawals from international initiatives, questions over continued International Monetary Fund membership, unpredictable tariff decisions and criticism of the US Federal Reserve, which puts renewed focus on central bank independence. The conference programme includes speakers such as Daniel Gros, Huw Pill and Klaus Schmidt-Hebbel. The two-day agenda is set to examine how central banks can adapt strategies and tools to a constantly changing environment, including shifts on the supply side.

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