<h1>Central Banks Face Challenges from Geopolitical Tensions, Tech Advances, Climate Change, and Financial Stability Risks.</h1> The Governor of the Reserve Bank of India addressed the challenges and transformations facing central banks at a conference in New Delhi. He highlighted the evolving role of central banks amid geopolitical tensions, technological advancements, and climate change. Key issues include the impact of easy monetary policies post-pandemic, the growing public debt, and the international dimensions of monetary policy affecting emerging markets. The speech also emphasized the importance of financial stability, the risks posed by private credit markets, and the potential of new technologies like central bank digital currencies and AI. The Governor urged central banks to remain adaptable and resilient in navigating future challenges.