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Changing balance sheet composition
One in three benchmark respondents changed the composition of their balance sheet for monetary policy purposes in the past year. The most common reason, mentioned by about half of these banks, was normalisation after crisis. However, several made adjustments due to foreign exchange intervention needs and some for other reasons, including because of gold purchases and remittances to the Treasury.
Journalists and politicians are main critics of central banks
Benchmark respondents comment on their efforts to engage constructively with stakeholders
Comms teams see dis/misinformation on social media as key risk
Criticism from government ranks as smallest risk
Larger comms teams involved earlier in policy decisions
Most departments become involved in duty after decisions are taken
Hybrid teams widely employ social media for two-way communications
Most respondents use strategies to address crises and disinformation