Commentary: Independence of a nation’s central bank is the basis for price stability, especially in Ukraine
by Kyrylo Shevchenko, Chicago Tribune
Mar 17, 2023
3 minutes
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Over the past decade, the world’s central banks have become increasingly independent, which has a positive effect on their nations’ economies. It is well known that the less subordinate a central bank is to the government, the more moderate the rates of inflation are. Usually, a tight monetary policy is implemented in those states where central banks do not have to fix budget and social policy problems, rehabilitate financial institutions and support inefficient enterprises.
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