Announcing and Explaining the Policy Stance (C) (Index) by country
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications...
What the numbers show
Announcing and Explaining the Policy Stance (C) (Index) is currently reported for 47 countries. The highest value is 260.74 in Ukraine; the lowest is 92 in Turkey.
The median across all reporting countries is 128.4, and the mean is 137.59.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 35 countries rose and 2 fell. The largest increase was in Ukraine (up 160.7%), and the largest decrease in Turkey (down 8.0%).
Announcing and Explaining the Policy Stance (C): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Ukraine | 260.74 | 2018 | up 160.7% | rising |
| 2 | Kazakhstan | 220.71 | 2018 | up 120.7% | rising |
| 3 | Czechia | 211.7 | 2018 | up 111.7% | rising |
| 4 | Uganda | 203.06 | 2018 | up 103.1% | rising |
| 5 | Brazil | 194.77 | 2018 | up 94.8% | rising |
| 6 | Russia | 186.82 | 2018 | up 86.8% | rising |
| 6 | Jamaica | 186.82 | 2018 | up 86.8% | rising |
| 8 | Australia | 179.2 | 2018 | up 79.2% | rising |
| 8 | Zambia | 179.2 | 2018 | up 79.2% | rising |
| 8 | United Kingdom | 179.2 | 2018 | up 79.2% | rising |
| 11 | India | 171.89 | 2018 | up 71.9% | rising |
| 12 | Pakistan | 164.87 | 2018 | up 64.9% | rising |
| 13 | Iceland | 158.14 | 2018 | up 58.1% | rising |
| 14 | South Korea | 151.69 | 2018 | up 51.7% | rising |
| 15 | Ghana | 145.5 | 2018 | up 45.5% | rising |
| 16 | Kenya | 139.56 | 2018 | up 39.6% | rising |
| 16 | Rwanda | 139.56 | 2018 | up 39.6% | rising |
| 16 | Serbia | 139.56 | 2018 | up 39.6% | rising |
| 16 | United States | 139.56 | 2018 | up 39.6% | rising |
| 16 | Thailand | 139.56 | 2018 | up 39.6% | rising |
| 21 | Chile | 133.87 | 2018 | up 33.9% | rising |
| 22 | Mexico | 128.4 | 2018 | up 28.4% | rising |
| 22 | Uruguay | 128.4 | 2018 | up 28.4% | rising |
| 22 | New Zealand | 128.4 | 2018 | up 28.4% | rising |
| 25 | Hungary | 123.16 | 2018 | up 23.2% | rising |
| 25 | Moldova | 123.16 | 2018 | up 23.2% | rising |
| 25 | Georgia | 123.16 | 2018 | up 23.2% | rising |
| 28 | Mozambique | 118.14 | 2018 | up 18.1% | rising |
| 28 | Norway | 118.14 | 2018 | up 18.1% | rising |
| 30 | South Africa | 113.31 | 2018 | up 13.3% | rising |
| 30 | Colombia | 113.31 | 2018 | up 13.3% | rising |
| 30 | Israel | 113.31 | 2018 | up 13.3% | rising |
| 33 | Philippines | 108.69 | 2018 | up 8.7% | rising |
| 33 | Malaysia | 108.69 | 2018 | up 8.7% | flat |
| 35 | Sweden | 104.65 | 2018 | up 4.7% | flat |
| 36 | Japan | 100 | 2018 | unchanged | flat |
| 36 | Armenia | 100 | 2018 | unchanged | rising |
| 36 | Canada | 100 | 2018 | unchanged | flat |
| 36 | China | 100 | 2018 | unchanged | flat |
| 36 | Indonesia | 100 | 2018 | unchanged | rising |
| 36 | Tanzania | 100 | 2018 | unchanged | flat |
| 36 | Argentina | 100 | 2018 | unchanged | rising |
| 36 | Mauritius | 100 | 2018 | unchanged | flat |
| 36 | Peru | 100 | 2018 | unchanged | flat |
| 36 | Nigeria | 100 | 2018 | unchanged | flat |
| 46 | Poland | 95.92 | 2018 | down 4.1% | flat |
| 47 | Turkey | 92 | 2018 | down 8.0% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 118.14
About this data
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). This database covers 50 advanced economies, emerging markets, and low-income developing countries, from 2007 to 2018 (being extended).