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.

CBM
December 2024
The majority of the central banks under review, including the ECB and the US Fed, cut their interest rates in previous period. Several high-level ECB representatives made statements indicating possible shifts in the ECB’s monetary policy strategy. Spotlight focuses on development of central banks’ balance sheets. In selected speech, Bundesbank Vice-President discusses the economic impacts of climate change and the green transition and talks about their implications for central banks. Details (pdf, 695 kB).