Money-supply targetters account for lowest frequency of policy meetings
Upper-middle income central banks set policy and publish reports at highest frequency
Central banks with money-supply targets hold the least number of policy-setting meetings annually, the Monetary Policy Benchmarks 2024 find.
Monetary policy is set an average of 3.5 times a year in central banks with money-supply targets. The average frequency of policy meetings is more than double that figure in inflation-targeting institutions (7.2) – the highest among peers.
Across the whole sample, an average of 6.6 monetary policy setting sessions are held annually across 43 institutions. In
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