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Central bank independence: it’s more than just about interest rates

Published on: Wednesday 19 January 2022

Central bank independence: it’s more than just about interest rates By George M. Georgiou Debates about central bank independence have traditionally focused on monetary policy, specifically the setting of interest rates. A central bank, it is argued, should be free of government influence when setting interest rates, thus allowing it to maintain price stability. However, the temptation to meddle with…



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