Benchmarking
Almost all central banks run stress tests on lenders
Most respondents say they conduct tests more than once a year
Housing markets worry high income countries’ central banks
Middle income countries point to inflation and cyber crime as sources of risk
Most central banks say cross-border cyber co-operation is good
Respondents from upper-middle income countries most likely to say co-operation could improve
Most central banks report rise in cyber attacks
Majority say they co-operate well with other agencies on cyber risks
Central bank communicators at a time of transparency
Specialists discuss the evolving roles of comms staff in the policy-making process
Most central banks say AML/CFT co-operation is good
Small minority of institutions face problems working with domestic or foreign partner agencies
High income countries’ central banks more likely to say AML/CFT risks are rising
Majority of institutions from middle income countries say money laundering risks have not risen
Central banks in high income countries less likely to want NBFI reform
But many central banks in middle income nations want regulatory changes
Bank resolutions averaged 1.8 cases in last decade – central banks
Lower-middle income countries report higher mean number of resolutions
Most central banks operate in jurisdictions with deposit guarantee schemes
Few operate their country’s DGS, and some are working to reform schemes’ design
Financial Stability Benchmarks 2023 charts
Take a deep dive into the Financial Stability Benchmarks charts, which have just been released for 2023
Reserve requirements and countercyclical buffers are most common macro-pru tools
Dynamic provisioning and limits on credit growth are least-used measures
Financial stability resources are sufficient, most central banks say
Some say they need to improve access to data, training and specialist staff
Most central banks say they have enough financial stability staff
Some face problems including lack of resources, uncompetitive salaries and complex training needs
Cash for a very rainy, tremorous or lava-filled day
Are central banks well-positioned to keep cash flowing during natural disasters?
Monetary Policy Benchmarks 2023 – executive summary
Key findings of the 2023 benchmark, including policy tools, governance structures and operating frameworks
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
Advanced economies more likely to publish minutes
Average central bank publishes minutes around two weeks after a policy decision
Proportion of central banks observing blackout period rises
AE respondents remain much more likely to employ the practice
Monetary policy press conferences held four times a year on average
Minority of central banks say they organise zero press conferences
Central banks average four forecast updates a year
Final decision on projections jointly taken by policy-makers and staff in most jurisdictions
Monetary policy staff numbers average below 40
European institutions and advanced economy central banks tend to have highest number of staff
Inflation targeters tend to pay monetary policy staff more
Salaries tend to rise with GDP per capita but less developed economies pay larger multiples
Confidentiality of policy votes remains common practice
Proportion of central banks revealing voting information with a lag creeps up