MPCs largest in inflation-targeting central banks

Government reps attend meetings in two-thirds of jurisdictions with other regimes

Inflation-targeting central banks tend to have highest number of individuals on their rate-setting committees, the Monetary Policy Benchmarks 2024 find.

The total number of persons who sit on the monetary policy committee (MPC) or board of inflation-targeting institutions averages 9.5 individuals. The average number is 8.8 among respondents with fixed peg regimes. Those with price-level targets (including average inflation targeting) have the lowest average size of 5.3 officials.


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