Central bank independence

Central banks - monetary policy.

Central bank independence means that the central bank is able to make decisions about monetary policy free from undue influence from other bodies, in particular the central government.

The purpose is to reduce the degree of short-term political pressures on the decisions of the central bank.

See also

• Bank of England
• Banque de France
• Central bank
• European Central Bank (ECB)
• Federal Reserve Bank
• Federal Reserve System
• Inflation target
• Monetary authority
• Monetary Authority of Singapore
• Monetary policy

External links

• The case for central bank independence - ECB - 2020

• What has central bank independence ever done for us? Andy Haldane, Chief Economist and Member of the Monetary Policy Committee, Bank of England