Most central banks retain power to issue debt

Lower income countries most likely to report debt issuance powers

Most central banks have the power to issue debts as part of their monetary policy operations. Central banks typically issue debt to manage liquidity, yet a handful are unable to issue new debt for this purpose.

The Monetary Policy Benchmarks 2022 show that 87% (33 out of 38 central banks) have the power to issue debt. A mere 13% (five out of 38 respondents) however, said they are unable to issue debt.

The figures are little changed year on year. The 2021 benchmark showed 89% of respondents had

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