Latest benchmarking
Currency Benchmarks 2023 – model banks analysis
Data reveals how advanced and emerging market central banks structure their currency operations
Central banks adapt forecasts with financial sector and other changes
Host of changes to modelling incorporate financial channels, nuanced expectations and more
Inflation forecast errors moderate after surge in 2022
But growth forecast errors are higher in 2023, data shows
Benchmarking
High income central banks allocate most time to research
Research economists are more numerous and are allotted more research time in high income jurisdictions
Administrative data tops list as alternative data source
Research and forecasting remain key areas of application for central bank economists
Model banks analysis
Explore key differences between central banks across economy groups
Charts
Asset allocations
It will come as little surprise that central banks allocate the largest portion of their reserves to US Treasuries.
But some other trends stand out. Investors in Asia and Europe are more likely to invest in SIBs. Almost all holdings of exchange-traded funds (ETFs) are in high income jurisdictions. Central banks from high income countries are also more likely to invest in green bonds, and in currencies such as the yen and sterling.
For the full breakdown, use the benchmarking service’s interactive charts to explore the data.
Reports
Currency Benchmarks 2023 report – steady as they go
Reserve Benchmarks 2023 report – rebuilding buffers
Financial Stability Benchmarks 2023 report – how central banks confront risk
Monetary Policy Benchmarks 2023 report – navigating uncertainty
Payments Benchmarks 2023 report – moving money in shifting conditions
Communications Benchmarks 2023 report – engaging with the public
Governance Benchmarks 2023 report – the frameworks that underpin central banks
Fintech Benchmarks 2023 report – the future of money
Risk Management Benchmarks 2023 report – shifting priorities
Economics Benchmarks 2022 report – evolving models
Currency Benchmarks 2022 report – a slow evolution continues
Reserve Benchmarks 2022 report – dealing with old and new risks
Benchmarks
Communications
Currency
Economics
Financial Stability
Fintech
Governance
Monetary Policy
Payments
Reserves
Risk Management
Economists’ rate of access to centralised data services still below par
Central banks in high-income jurisdictions still have more access
Most heads of research are responsible for sign-off on research
Peer-reviewed papers remain most-used metric for measuring research success
Central banks average 11 working papers over the past year
Just over a quarter of central banks run research blogs
Central banks prioritise inflation dynamics research
Middle income institutions tend to have much widest research interests