Data
Book notes: Redefining the monetary standard in the digital age, by Livio Stracca
A comprehensive and readable account of what digitalisation could mean for monetary policy
European central banks opt to hold
Albania, Czech Republic, Poland, Serbia and Sweden keep rates constant
Three-fifths of central banks use strategic progress monitoring tools
Respondents with wider set of objectives report highest usage of tools
Philippines inflation surges to 7.2%
BSP pledges response as economists say large rate hikes may be on the table
Central banks increasingly use KPIs for strategic planning
Practice more widespread in jurisdictions that link annual reviews to all staff
Trends in reserve management 2026: survey results
101 central banks, responsible for $9.5trn+ reserves, reveal exclusive data on FX interventions, if the US dollar is still seen as a safe-haven currency and approaches to investing in 20+ currencies
Inside the BoK’s homegrown AI system, Boki
Sovereign platform will reshape staffing needs and pay for itself within five years, digital innovation chief Jungphil Park tells Jono Thomson
Strategic control processes often data driven
Processing is implemented quarterly or bi-annually across jurisdictions
The Fed’s six-trillion-dollar balance sheet question
Kevin Warsh’s drive to shrink the US central bank’s ledger is unlikely to be a simple task
Annual reviews usually linked to strategic plans for some staff only
Remuneration commonly not linked with progress on strategic goals
Team leaders increasingly involved in strategic plan implementation
Respondents commonly review plans and re-align objectives after strategic cycles
Number of dedicated strategic planning units rises
Larger central banks more likely to have dedicated units
Intranet and events are main strategy comms tools
Central banks widely use dedicated web page for external communications
BoJ holds rates and halves growth forecast
Three dissenting votes mark largest split under Ueda, who points to ‘significantly’ higher inflation
Few central banks involve third parties in strategic plan development
Standard operational budgets remain leading source of funding
Dark corners: the renewed push for risk-based monetary policy
Central banks are still struggling to perfect models, scenario analysis and risk communication
Disclosure and supervision are top ESG strategy objectives
Emissions monitoring broadly in focus for central banks with narrower plans
BSP tightens to fight inflation caused by Middle East conflict
Governor says easing cycle is over as bank forecasts price rises of 6.1% this year and 4.1% in 2027
Strategic planning frameworks widely draw on Swot analysis
European central banks’ strategies tend to favour Pestel analysis
Narrower strategic planners use more pillars than broader planners
Secondary objectives average 15 in central banks’ strategic plans
Third of central banks set strategic plans on five-year horizons
Just one respondent implements planning on ad hoc basis
Global AI imbalances expected to hit emerging markets hardest
IMF’s Bo Li and Anthropic’s economics head discuss social protection on panel
AI surges as focus for strategic planning
But digital transformation is still the most widespread goal of planners
Oil shock makes it harder to formulate monetary policy – Ueda
BoJ governor pledges to monitor data to ‘last minute’ before next rate decision