• Governance

Governance Benchmarks 2022 – central banks’ essential frameworks

The last two years have seen considerable challenges for central banks, and the tasks they face may be getting even more difficult. Inflation is rising across both developed and emerging economies. Consequently, governments and the public in many countries pay even closer attention to the powers and accountability of central banks. As they play such an important role in economic management, central banks need strong governing frameworks. They need some measure of independence from other government institutions, to be able to fulfil their roles.