Most central banks satisfied with policy autonomy
EME central banks say they are more likely to face pressure over monetary policy
Most central banks participating in the Governance Benchmarks 2023 feel they have the independence they need to carry out monetary policy.
There was very little difference in the answers from advanced economy and emerging market economy (EME) countries, with all 17 EME central banks saying they had sufficient independence in monetary policy. Among advanced economy respondents, 22 out of 24 (92%) said the same.
It was a somewhat different story when asked about how much pressure they come under
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