Central banks’ asset purchase programmes thin out further
One in five inflation targeters still use scheme, but most plan to taper purchases
The proportion of central banks using asset purchase programmes (APPs) as a policy tool fell year on year, the Monetary Policy Benchmarks 2025 find.
Across 48 central banks, only seven (14.6%) respondents say they use APP for monetary policy purpose. The figure is down from 24.4% in the 2024 benchmark, which was based on a slightly different sample.
Central Banking has been tracking the changes in asset purchases across jurisdictions since many institutions commenced the winding-down process
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