Monetary Policy Benchmarks 2023 report – navigating uncertainty

Benchmark data highlights ongoing evolution in policy frameworks as central banks move beyond the pandemic – and into the high-inflation period

For well over a year now, most central banks around the world have been combatting higher inflation. This change in emphasis can be seen in the continued decline in the use of asset purchase programmes. The benchmarking data sheds light on the staff and decision-makers that determine policy, the tools and operating frameworks central banks use, and how monetary policy decisions are communicated.

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Monetary policy pay

Various factors seem to contribute to salary levels in monetary policy departments. Inflation targeting central banks (and those with joint targets) tend to pay more, possibly a sign of higher demand for analytical skills in preparing policy decisions. Richer nations also pay more, in line with other benchmarks. However, size seems not to matter. There is only a weak correlation between total staff numbers and monetary policy salaries.

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

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Monetary policy Benchmark Data

Monetary policy data

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

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