Senior figures disagree over future of central bank mandates
Otmar Issing says ECB should not act as substitute for politics
Central banks have benefited from being granted independence, but whether the current model should be changed is less clear, a panel of economists and central bankers said today (September 28).
They examined whether the current model of central bank independence was fit for purpose, under the chairmanship of Ricardo Reis, a professor at the London School of Economics. The panel was part of a conference celebrating 20 years since the Bank of England was granted independence.
“Over the last 20
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