Central banks in advanced economies (AEs) tend to assign separate teams to handle internal and external communications, data from the Communications Benchmarks 2023 shows.

Sixty-three per cent of AE respondents said they have separate teams for dealing with internal and external communications. In contrast, just a third (33.3%) of central banks in emerging market economies allocate the tasks to different teams.

On average, around half (47.5%) of the 40 participating central banks split up the