Articles by Central Banking staff
Advanced economies most likely to survey trust and understanding
Data shows differences in how central banks judge the effectiveness of monetary policy
Treasury officials more likely to serve on advanced economy MPCs
Monetary policy committees or boards comprise 8.2 people on average globally
Use of asset purchase programmes for monetary policy wanes
Additional central banks end scheme, as more institutions forecast decrease
Few central banks brief fiscal authorities on monetary decisions
But practice is more common in institutions from the Americas
Monetary Policy Benchmarks 2023 charts
Take a deep dive into the Monetary Policy Benchmarks charts, which have just been released for 2023
Corridor systems most used to set monetary policy
Floor systems less popular overall but widely used with asset purchase programmes
Payments Benchmarks 2023 – executive summary
Payments are undergoing rapid technological change, creating opportunities – and challenges
Debt issuance powers remain key attribute of most central banks
Proportion of non-debt issuing institutions narrows year-on-year to 6%
US housing inflation will slow in early 2024, Dallas Fed paper says
Researcher uses vector error correction model to estimate housing market pressures
Bank of England adopts ISO 20022
Businesses and consumers may have more data input options by year’s end
CPI inflation cools slightly in the US
Headline and core inflation reach relative lows in May
Median RTGS system processes nearly $100bn annually
Median value of payments rose by $15bn from the previous benchmark
Primary RTGS systems have average $1.65m in operating costs
Majority of central banks increased payments system divisions budgets in the past year
Payments oversight is under-resourced for a third of central banks
Respondents identify shortage of human capital, capacity building and dated technology as concerns
Few non-banks have access to RTGS systems
Maximum number of institutions reported to have access to one RTGS system was 233
Most central banks have payment and settlement supervision mandates
Payment system laws contain oversight powers in two-thirds of jurisdictions
‘Stubborn’ inflation puts an end to Canada’s tightening pause
Bank of Canada raises main rate by 25 basis points as it predicts inflation will fall to 3% in the summer
Payment ecosystems remain relatively unchanged over past year
Most central banks help price RTGS services and many do for credit transfers and direct debits
Central banks report having one to three RTGS contingency sites
Most central banks experienced a high-value payment system outage in the last year
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
ISO 20022 payments messaging adoption rate increases
Majority of central banks uphold plans to transition by 2025
People: April to June 2023
A round-up of central bankers in the news and on the move during the past three months
More than 80% of central banks are investigating CBDC
Central banks feel negatively about retail digital currencies in their payment systems