MPCs largest in inflation-targeting central banks
Government reps attend meetings in two-thirds of jurisdictions with other regimes
Inflation-targeting central banks tend to have highest number of individuals on their rate-setting committees, the Monetary Policy Benchmarks 2024 find.
The total number of persons who sit on the monetary policy committee (MPC) or board of inflation-targeting institutions averages 9.5 individuals. The average number is 8.8 among respondents with fixed peg regimes. Those with price-level targets (including average inflation targeting) have the lowest average size of 5.3 officials.
Forty-one
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