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Monetary Policy Benchmarks 2024 report – back to normality?

Data reveals trends in use of policy tools as well as operating frameworks and communications

Inflation is trending down worldwide, supply disruptions have eased, and fears over widespread geopolitical instability have not yet been realised. This stabilisation is reflected in the Monetary Policy Benchmarks 2024. The share of central banks with asset purchase programmes has come down from its pandemic-era peak. Targeted liquidity facilities are also being wound down in many jurisdictions. More broadly, the benchmarks reveal some slow-moving trends in how central banks organise their monetary policy function.

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Under review

All but one of the benchmark respondents conduct reviews of their monetary policy framework, but the frequency varies widely. Worldwide, 43.6% conduct the reviews on an ad hoc basis. Central banks in high and upper-middle income countries are more likely to conduct reviews every four years, or less frequently. Lower-middle and low income jurisdictions tend to review their frameworks more, often every year.

For the full breakdown, use the benchmarking service’s interactive charts to explore the data.

Explore interactive charts
Monetary policy Benchmark Data

Monetary policy data

View the full breakdown of responses to the Monetary policy Benchmarks.

Monetary Policy 2024
Monetary Policy 2023
Monetary Policy 2022
Monetary Policy 2021

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