Objectives (PO) (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
Objectives (PO) (Index) is currently reported for 47 countries. The highest value is 271.83 in Turkey; the lowest is 71.65 in New Zealand.
The median across all reporting countries is 100, and the mean is 110.55.
The gap between the highest and lowest reporting country is a factor of about 4.
Over the past decade 8 countries rose and 3 fell. The largest increase was in Turkey (up 171.8%), and the largest decrease in Mozambique (down 28.3%).
Objectives (PO): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Turkey | 271.83 | 2018 | up 171.8% | rising |
| 1 | Uruguay | 271.83 | 2018 | up 171.8% | rising |
| 3 | Uganda | 139.56 | 2018 | up 39.6% | rising |
| 3 | Israel | 139.56 | 2018 | up 39.6% | rising |
| 3 | India | 139.56 | 2018 | up 39.6% | rising |
| 3 | Rwanda | 139.56 | 2018 | up 39.6% | rising |
| 3 | Ukraine | 139.56 | 2018 | up 39.6% | rising |
| 3 | Argentina | 139.56 | 2018 | up 39.6% | rising |
| 9 | Mauritius | 100 | 2018 | unchanged | flat |
| 9 | Norway | 100 | 2018 | unchanged | flat |
| 9 | Nigeria | 100 | 2018 | unchanged | flat |
| 9 | Pakistan | 100 | 2018 | unchanged | flat |
| 9 | Peru | 100 | 2018 | unchanged | flat |
| 9 | Malaysia | 100 | 2018 | unchanged | flat |
| 9 | Armenia | 100 | 2018 | unchanged | flat |
| 9 | Philippines | 100 | 2018 | unchanged | flat |
| 9 | Poland | 100 | 2018 | unchanged | flat |
| 9 | Russia | 100 | 2018 | unchanged | flat |
| 9 | Serbia | 100 | 2018 | unchanged | flat |
| 9 | Sweden | 100 | 2018 | unchanged | flat |
| 9 | Tanzania | 100 | 2018 | unchanged | flat |
| 9 | United States | 100 | 2018 | unchanged | flat |
| 9 | South Africa | 100 | 2018 | unchanged | flat |
| 9 | Zambia | 100 | 2018 | unchanged | flat |
| 9 | Hungary | 100 | 2018 | unchanged | flat |
| 9 | Australia | 100 | 2018 | unchanged | flat |
| 9 | Brazil | 100 | 2018 | unchanged | flat |
| 9 | Canada | 100 | 2018 | unchanged | flat |
| 9 | Chile | 100 | 2018 | unchanged | flat |
| 9 | China | 100 | 2018 | unchanged | flat |
| 9 | Colombia | 100 | 2018 | unchanged | flat |
| 9 | Czechia | 100 | 2018 | unchanged | flat |
| 9 | United Kingdom | 100 | 2018 | unchanged | flat |
| 9 | Georgia | 100 | 2018 | unchanged | flat |
| 9 | Ghana | 100 | 2018 | unchanged | flat |
| 9 | Indonesia | 100 | 2018 | unchanged | flat |
| 9 | Iceland | 100 | 2018 | unchanged | flat |
| 9 | Jamaica | 100 | 2018 | unchanged | flat |
| 9 | Japan | 100 | 2018 | unchanged | flat |
| 9 | Kazakhstan | 100 | 2018 | unchanged | flat |
| 9 | Kenya | 100 | 2018 | unchanged | flat |
| 9 | South Korea | 100 | 2018 | unchanged | flat |
| 9 | Moldova | 100 | 2018 | unchanged | flat |
| 9 | Mexico | 100 | 2018 | unchanged | flat |
| 45 | Mozambique | 71.65 | 2018 | down 28.3% | falling |
| 45 | Thailand | 71.65 | 2018 | down 28.3% | falling |
| 45 | New Zealand | 71.65 | 2018 | down 28.3% | 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) 100
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).