Central banks split on blackout periods

Reasons for operating blackout periods include facilitating effective policy transmission and avoiding speculation

Half of respondents to the Monetary Policy Benchmarks 2021 said they operate some form of ‘blackout period’ around their policy decisions.

Blackout periods, also known as ‘quiet periods’ or ‘purdah’, are when policy-makers cannot make statements related to a policy decision. 

Of the 32 central banks that provided data on whether they operate a blackout period, 16 said they do and 16 said they do not. The average length of time for blackout periods was 10 days, and ranged from 2–21. 


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account