Four in 10 central banks have legal right to be consulted on mandate changes

Most have legal restrictions on their ability to use monetary financing to fund the government

Less than half the central bank respondents to the Governance Benchmarks 2021 said they have to be consulted on new laws that alter their functioning.

Though all respondents said their roles, responsibilities and objectives are codified by statute, just four in 10 said they have the legal right to influence legislation that affects their mandates.

By contrast, the vast majority – 97% – of responding central banks said the way they are held accountable is enshrined in law, while 94% reported

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: