High income countries less likely to tranche reserves
Overall, 72.4% of central banks divide their portfolios into liquidity and investment sections
High income central banks are less likely to tranche their reserves than peer institutions in economies with lower economic development.
Data from the Reserve Benchmarks 2023 shows that, overall, 72.4% of the 58 reserve managers that provided an answer implement this strategy to boost returns on their portfolios. This share is higher than the benchmark registered in 2021 (65%).
Nonetheless, there is a marked divergence between income levels and regions. While 11 out of 24 (45.8%) reserve
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