Central banks whose monetary policy committees (MPCs) set rates at an above-average frequency tend to be more transparent than peers that meet at lesser frequencies, the Monetary Policy Benchmarks 2025 find.

Across the whole sample, MPC members set policy an average of 6.9 times a year. Central Banking utilised the frequency as a filter for respondents’ data on transparency strategies – publishing of meeting minutes, time lag before meeting minutes publication and publication of policy-makers’