Central Bank Independence-Key types

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#centralbank#najam#sbp#Statebankofpakistan#najamaltaf#key

Thé debate of central bank is boils down to the point that goal independence can’t be given to the central bank as cb is run by the unelected people, who are not accountable to the public, while politicians are elected and they have to face public to win the election. Accordingly central bank can be provided instrument independent with greater transparency and accountability.

Those favour independence base their arguments on the theatrical bases that suggest that independent central bank is more effective in controlling inflation. While those oppose, challenge legitimacy if decision making by unelected technocrats. They say that cb policy has far reaching impact on various segments of nation across board while they are not accountable and political government has to face consequences.
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Great analysis, you know in and out being a senior executive

guzarishatbywaseemmahmoud
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Sir...good and detailed analysis...but what would be the position of Central Board members and and you know that if a Government of Pakistan obtained more loan without limit then State Bank will be the guarantor?? But why?

muhammadahsan