Quarter of central banks have government reps on MPC
Only one such committee publishes policy-makers’ votes
One-quarter of central bank policy-setting committees have a government representative, the Monetary Policy Benchmarks 2025 find.
Monetary policy committees (MPCs) from 13 (26.5%) of 49 jurisdictions say they have a government representative. The figure represents an increase from the 22.2% published in the 2024 benchmark, though the samples vary.
Just 12 MPCs with a government representative addressed a question on voting powers. Of these, eight (66.7%) say the external members are vested with
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