Monetary Policy Benchmarks 2023 – executive summary

Key findings of the 2023 benchmark, including policy tools, governance structures and operating frameworks

The stimulus central banks launched to tackle the Covid-19 crisis now seems far in the past. For well over a year, most central banks around the world have been combatting the effects of excess demand, which has overshot supply all the more due to the series of shocks that have hit the world economy. There are signs in many jurisdictions that inflation may have peaked, but most are still firmly in tightening mode.

Some of this change in emphasis can be observed in the Monetary Policy

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