Articles by Central Banking staff
Richer nations less likely to have central banks as sole macro-pru authority
Respondents from lower-middle income countries more likely to be only macro-prudential body
Central bank boards often used for stability decisions
Institutions from high income countries most likely to give stability remit to boards
Monetary Policy Benchmarks 2022 report – executive summary
Benchmarking data sheds light on some of the key aspects of central bank operating frameworks
Monetary policy staff pay highest in advanced economy institutions
Staff in monetary operations tend to earn slightly less than policy colleagues
Monetary policy set a maximum of 12 times a year
Frequency of meetings highest on average in upper-middle income economies
Asset purchases used in only a handful of jurisdictions
Data shows small decline relative to 2021, which may reflect exit from pandemic stimulus
Quarterly forecast updates are the norm at central banks
Forecasting tends to be a collaborative exercise between staff and policy-makers
Monetary policy press conferences more common than minutes
High income institutions trail behind middle income banks on minutes publication
Corridor system used by most central banks to set rates
But methods vary widely depending on policy target and tools such as quantitative easing
Monetary policy and ops divisions mostly segmented
Nine in 10 institutions separate units in the Americas, Asia and Europe
Payments Benchmarks 2022 – executive summary
Key findings of the 2022 report, including the emergence of a novel digital payments landscape
Governance Benchmarks 2022 – presentation
Subject matter specialist Dan Hardie speaks with Chris Jeffery about governors, independence, funding and diversity
Covid impacting monetary policy most in middle income countries
Most central banks report shifting stance at the height of pandemic, but some have since reverted
Non-bank access to RTGS systems still rare
Only a handful of central banks allow non-bank users
Nearly 30% of central banks implementing instant payments
Over half of respondents already oversee or operate instant payments
Fintech Benchmarks 2022 – presentation
Central Banking’s fintech subject matter specialist Joasia Popowicz speaks with Chris Jeffery about strategy, staffing, cyber security, CBDCs, regtech and suptech, AI/ML and the cloud
The FinTech and RegTech Global Awards 2022 virtual ceremony
View the trophy presentations and acceptance comments from the winners of the fifth annual FinTech and RegTech Global Awards
High income countries have larger share of staff devoted to payments
Structure of central banks’ payments sections differs across institutions
Payments oversight more difficult in poorer nations
Lower income central banks more likely to feel they need more resources