Monetary policy staff numbers average below 40

European institutions and advanced economy central banks tend to have highest number of staff

The average monetary policy unit at a central bank has full-time equivalent (FTE) employee numbers of no more than 40, the Monetary Policy Benchmarks 2023 show.

This question generated responses from 31 central banks. The average number of FTE staff is 37.2. A maximum of 219 staff is found in a high income European jurisdiction, while a lower-middle income central bank in the Asia-Pacific region reports the minimum of two. The data returns a median of 28 employees.

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