central bank independence
Central bank independence refers to the autonomy and freedom from political influence or interference that a central bank has in conducting its monetary policy and managing the nation's currency, allowing it to make decisions based on economic considerations rather than political pressures.
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Related Concepts (3)
Similar Concepts
- central bank
- central bank actions
- central bank communication and coordination
- central bank intervention
- central bank policies
- central bank policies and interest rates
- central banking
- central banks
- central banks' reserve management
- economic independence
- independence
- international central bank coordination
- multilateral central bank agreements
- regional central bank coordination
- role of central banks in fiscal responsibility