Governance Benchmarks 2021 report – the frameworks that rule central banks

Benchmarking data offers insights on appointments, legal structures, powers, independence and more

Central banks are public institutions that have important responsibilities and wield considerable power. As a result, they must have robust frameworks to ensure that they act in the public interest.

In many countries, central banks traditionally have had limited or no independence in policy matters from the government of the day. But this has changed and it has rapidly become the norm for central banks to take monetary policy actions independently of their country's government – although the

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