where our media and opposition id crying that " democracy under threat " or latha Vankatesh and others talking of how FII will pull out money after Urjit Patel Resignation. Here are the facts all over the world
1. US
Just in the past month, Trump said he’s “not even a little bit happy” about his choice of chairman, and called the Fed a “much bigger problem than China.” The central bank has raised interest rates eight times since Dec 2015, from near-zero, and is teeing up another hike
Just in the past month, Trump said he’s “not even a little bit happy” about his choice of chairman, and called the Fed a “much bigger problem than China.” The central bank has raised interest rates eight times since Dec 2015, from near-zero, and is teeing up another hike
2.TURKEY
Turkish President Recep Tayyip is at forefront of attacks on central-bank independence, loudly and frequently proclaiming his unorthodox views. He’s called for lower interest rates for years, saying -- in contradiction to textbook economics -- that would curb inflation
Turkish President Recep Tayyip is at forefront of attacks on central-bank independence, loudly and frequently proclaiming his unorthodox views. He’s called for lower interest rates for years, saying -- in contradiction to textbook economics -- that would curb inflation
3. Pakistan’s government plans to make the central bank report any planned currency adjustments to a committee, a move seen aimed at curbing the regulator’s independence as the nation negotiates an International Monetary Fund bailout.
4. Legislation requiring Reserve Bank of New Zealand to adopt a dual mandate of employment and price stability is expected to become law in April. Opponents say that give FM the power to influence which of mandates the central bank should prioritize, undermining its independence
5 U.K.
BOE Governor Mark Carney has long faced aggressive criticism from pro-Brexit politicians, who accuse him of overly pessimistic pronouncements and bias against decision to leave the European Union. Lawmaker Jacob Rees-Mogg calls governor the “high priest of project fear''
BOE Governor Mark Carney has long faced aggressive criticism from pro-Brexit politicians, who accuse him of overly pessimistic pronouncements and bias against decision to leave the European Union. Lawmaker Jacob Rees-Mogg calls governor the “high priest of project fear''
6.EURO-AREA
ECB President Mario Draghi is frequently lambasted by German politicians over his ultra-loose monetary policy,
politicians, including Deputy Premier Luigi Di Maio who said he’s “poisoning the climate” by weighing into the debate about the nation’s budget.
ECB President Mario Draghi is frequently lambasted by German politicians over his ultra-loose monetary policy,
politicians, including Deputy Premier Luigi Di Maio who said he’s “poisoning the climate” by weighing into the debate about the nation’s budget.
7.AUSTRIA
The Austrian government’s plans to split off bank supervision prompted Governor Ewald Nowotny to complain about “a tendency to treat the national bank like a subordinate.”
The Austrian government’s plans to split off bank supervision prompted Governor Ewald Nowotny to complain about “a tendency to treat the national bank like a subordinate.”
8. GREECE
Politicians have targeted Bank of Greece Governor Yannis Stournaras several times for alleged wrongdoings including a case involving Swiss drugmaker Novartis AG -- which he says was concocted to force him out -- and accounts of inaccuracies in his property declarations.
Politicians have targeted Bank of Greece Governor Yannis Stournaras several times for alleged wrongdoings including a case involving Swiss drugmaker Novartis AG -- which he says was concocted to force him out -- and accounts of inaccuracies in his property declarations.
9.SWITZERLAND
The Swiss National Bank is frequently in the crosshairs, partly because its balance sheet has ballooned to 120% of economic output. Lawmakers regularly suggest its reserves be turned into a sovereign wealth fund unsuccessfully -- targeted its gold holdings
The Swiss National Bank is frequently in the crosshairs, partly because its balance sheet has ballooned to 120% of economic output. Lawmakers regularly suggest its reserves be turned into a sovereign wealth fund unsuccessfully -- targeted its gold holdings
10
.MEXICO
President Andres Manuel Lopez Obrador is poised to reshape Mexico’s central bank by naming four of its five board members by 2021, halfway through his six-year term.
.MEXICO
President Andres Manuel Lopez Obrador is poised to reshape Mexico’s central bank by naming four of its five board members by 2021, halfway through his six-year term.
