Countries vary on governor appointment powers

Poorer countries more likely to combine powers, while richer ones split responsibilities

The tasks of nominating and confirming central bank governors are separate for the majority in the Governance Benchmarks 2023, but the split is more frequent in advanced economy countries.

Overall, 60% of the 43 participants said that different authorities nominate and confirm a central bank governor. In the jurisdictions of 40% of respondents, one authority takes both decisions. But participants’ responses revealed very different patterns in advanced economy and emerging market jurisdictions

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