Disruptions on Economic trends
Changes in the political landscape
Reports on Economic trends See all →
The political corruption of monetary policy
The 2008 U.S. housing crash and the European debt crisis led many politicians to question the importance of independent central banks. However, this approach is not without consequences. There are now several patterns of influence on central banks, ranging from direct political meddling to more subtle institutional pressure. Left unchecked, excessive and ineffective monetary policy will progressively
corrupt central bank independence.