Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
Central banks with government officials on their boards are slightly more likely to be consulted on changes to the central bank law, the Governance Benchmarks 2025 find.
Among the various provisions contained in central bank laws, a requirement for the government to consult with the central bank before the passage of new laws “that may affect the central bank’s ability to perform its functions” is the least common, at 50% of respondents.
Central Banking analysed the dataset by the share of
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