Monetary policy budget averages under $2 million annually

Budgets larger in high income, upper-middle income central banks

The average annual budget of central bank monetary policy departments is lower than $2 million, data from the Monetary Policy Benchmarks 2024 shows.

The departmental budget averages $1.8 million among the 20 institutions that provided data. A central bank from Africa allocates the largest annual budget of $10.8 million to the division, while a high income respondent from the Americas accounts for the lowest annual budget of just $112,373 a year.

After stratifying the data into income groups, it

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