Monetary policy budget averages under $2 million annually
Budgets larger in high income, upper-middle income central banks
The average annual budget of central bank monetary policy departments is lower than $2 million, data from the Monetary Policy Benchmarks 2024 shows.
The departmental budget averages $1.8 million among the 20 institutions that provided data. A central bank from Africa allocates the largest annual budget of $10.8 million to the division, while a high income respondent from the Americas accounts for the lowest annual budget of just $112,373 a year.
After stratifying the data into income groups, it
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Middle income monetary policy staff salaries fall behind peers
Officials in Europe and Africa tend to earn highest average annual income
MPCs largest in inflation-targeting central banks
Government reps attend meetings in two-thirds of jurisdictions with other regimes
Briefing, analysis and research are monetary policy officials’ top duties
Average departmental staff remains below 40 persons
Half of central banks use forecast errors to assess policy impact
Surveys of expectations widely used but surveys of trust and understanding are less common
Nearly 40% of central banks use targeted liquidity facilities
“Funding for lending” schemes remain widespread, though some have been wound down post-Covid
Monetary Policy Benchmarks 2024 Charts
Take a deep dive into the Monetary Policy Benchmarks charts, which have just been released for 2024.
Half of central banks regularly review monetary framework
Vast majority conduct reviews but many are ad hoc
Most asset purchase programmes are winding down
Around a quarter of respondents have open APPs but most are shrinking