Monetary policy staff pay highest in advanced economy institutions

Staff in monetary operations tend to earn slightly less than policy colleagues

Central banks’ monetary policy staff can earn as much as $109,000 per year at some central banks, while around $45,000 is paid on average. Staff in monetary operations earn slightly less on average, at $44,600.

Data from the Monetary Policy Benchmarks 2022 shows that high income central bankers are the highest earners, a finding echoed by other benchmarks. By contrast, their colleagues in lower-middle income institutions are paid the lowest figure.

The sample of salaries is relatively small –

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