Central Bank Monitoring

Central Bank Monitoring provides a quarterly overview of the latest monetary policy developments, strategies and communications at eleven central banks, including the CNB. Each issue features a Spotlight section covering a current topic and a selected speech given by a prominent foreign central banker. The selected banks are the US Federal Reserve System, the European Central Bank, the Bank of England, the Reserve Bank of New Zealand, Norges Bank in Norway, Schweizerische Nationalbank in Switzerland, the Bank of Canada, Sveriges Riksbank in Sweden, Magyar Nemzeti Bank in Hungary and Narodowy Bank Polski in Poland.

December 2023
Most of the central banks under review did not change their rates in the last quarter, but a few of them have raised their rates further, while others are gradually lowering them. The ECB has moved to the next phase of the digital euro project, the mandates of the central banks in New Zealand and Australia have changed. Spotlight focuses on monetary policy of the Chinese central bank. In our Selected Speech, SNB Governor discusses the role of monetary policy uncertainty in the context of current economic developments. Details (pdf, 750 kB).