Monetary Policy Benchmarks 2022 – presentation
Central Banking’s economics subject matter specialist Daniel Hinge discusses monetary policy after Covid-19
Over two years on from the outbreak of Covid-19, monetary policy is emphatically in a new phase worldwide, switching to the task of fighting high inflation.
But the legacy of the pandemic is still reflected in many central banks’ policy frameworks, benchmarking data shows. For instance, asset purchase programmes are now widely used by central banks in all income groups.
Those programmes, while arguably necessary during the crisis, are now creating problems for central banks as interest rates
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Monetary Policy Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including policy tools, governance structures and operating frameworks
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
Advanced economies more likely to publish minutes
Average central bank publishes minutes around two weeks after a policy decision
Proportion of central banks observing blackout period rises
AE respondents remain much more likely to employ the practice
Monetary policy press conferences held four times a year on average
Minority of central banks say they organise zero press conferences
Central banks average four forecast updates a year
Final decision on projections jointly taken by policy-makers and staff in most jurisdictions