The evolving ‘strategy function’ in central banks

Study shows central banks still struggle to fully utilise strategy units

The discipline of ‘strategic planning’ emerged in private-sector companies in the 1960s, and became a standard management practice during the 1970s. In the early 2000s – and in response to unprecedented business challenges and resource restrictions – a few central banks started introducing and adapting processes and instruments related to corporate strategic planning into their specific environment. The rest of the central banking community largely followed their example during the 2010s.

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