Economics
All Around the World, Central Bank Independence Is Under Threat
- President Trump isn’t alone in questioning monetary decisions
- India central bank governor unexpectedly quit amid clashes
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South Africa’s top monetary policy maker spoke for his peers around the world last week when he declared that threats to central-bank independence from politicians are no longer just an “emerging market phenomenon.”
The U.S. Federal Reserve, Bank of England and European Central Bank are feeling the heat from elected lawmakers, while India and Turkey are among others under pressure.