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Monetary Policy Benchmarks 2023 report – navigating uncertainty

Benchmark data highlights ongoing evolution in policy frameworks as central banks move beyond the pandemic – and into the high-inflation period

View a printable version of this report in PDF format

The stimulus central banks launched to tackle the Covid-19 crisis now seems far in the past. For well over a year, most central banks around the world have been combatting the effects of excess demand, which has overshot supply all the more due to the series of shocks that have hit the world economy. There are signs in many jurisdictions that inflation may have peaked, but most are still firmly in tightening mode.

Some of this change in

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