The use of asset purchase programmes (APPs) decreased further among central banks partaking in the Monetary Policy Benchmarks 2023.
Just seven (21%) of 33 central banks say they operate an APP, a fall from 26% reported in 2022 and 34% in 2021. This likely reflects the wind-down of programmes launched to respond to Covid-19.
Samples differ from year to year, but 20 (61% of 33 central banks) participants in the 2023 benchmark also participated in 2022. Of these 20, two institutions that
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