BoE’s Pill says central banks best placed to control monetary policy

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LONDON -- Bank of England Chief Economist Huw Pill said on Wednesday that central banks are able to take tough decisions on monetary policy, in contrast to governments that are driven by short-term political pressures. Read More ...

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[Shaffy]

It is true that central banks are usually more focused on long term gains of monetary policies and decisions, but it depends on who is making the decisions. Sometimes, even the governors of the Central Banks can get influenced to make poor decisions.

 

[Kvngsammy]

It is true that central banks are usually more focused on long term gains of monetary policies and decisions, but it depends on who is making the decisions. Sometimes, even the governors of the Central Banks can get influenced to make poor decisions.

My point exactly, these banks rarely operate of their own will as they're still subjected to the biddings of the host nation - they're always protecting the interests of their nations. It'll be difficult to act independently.

 

[nana kwasi1]

Yes, I have occasionally received the silent treatment at my current job. When it comes to reporting to our supervisors, our team of young employees always agrees; the one time I differed, I was instantly made the outsider.