Policy Effectiveness Evaluation
Policy effectiveness is commonly judged by developments in macroeconomic and market indicators, according to the Monetary Policy Benchmarks 2025.
Most respondents (95.7%) rely on macroeconomic indicators to assess the effectiveness of monetary policy, while 82.6% consider market indicators as a guide.
- Macroeconomic indicators: 95.7%
- Market indicators: 82.6%
- Other yardsticks: 15.2%
Policy effectiveness tends to be judged on developments in macroeconomic and market indicators.
A separate question on the formal review of policy-making frameworks is also discussed.
Author's summary: Policy effectiveness is gauged by macro and market indicators.