Central banks need to focus on inflation and regulation mandate
Commentary: Are central banks independent or almighty?
By Otmar Issing in Würzburg
Most major central banks are endowed with the status of independence. That position appears to be changing, partly because central banks are being overburdened with too many tasks. Central banks’ involvement in mitigating climate change is a particular case of potential overreach. It is time for central bankers to show a little more humility and think...