Monetary Policy Benchmarks 2021 report – seeking a strong anchor

Monetary Policy Benchmarks 2021 reveals how each central bank has its own way of taking and communicating decisions. A policy framework has to account for the structure of the local economy and the domestic and global forces acting upon it. Central banks must also be aware of transmission mechanisms and how decisions are communicated. Budgets and other resourcing constraints can limit the feasible set of policy options.

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