Majority of central banks have analysed effects of tariffs
Spike in levies seen as having varying degrees of impact on financial stability
Seven in 10 central banks conducted analysis on the impact of tariff increases, the Financial Stability Benchmarks 2025 finds.
Of the 44 central banks that provided information, 31 (70.5%) say they have analysed how increased tariffs might impact financial stability in their jurisdictions. The remaining 13 (29.5%) have yet to perform the analysis.
One section of the benchmark shows that 83.7% of central banks co-ordinate monetary policy with financial stability principles. Most of the financial
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Respondents also reveal other elevated risks, including geopolitics and tariffs