|
|
| Why Central Bank Independence Could Become a Thing of the Past |
Declining credibility and the rise of populism pose significant challenges.
|
|
Key Insights
- Central banks across the world are facing challenges to their independence amid
declining credibility and attacks from politicians.
- Economically, the likely impact of reduced central bank independence is higher
inflation and a more volatile business cycle.
- The similarities with the economic conditions of the 1970s suggest that
stagflation trades, such as gold and inflation-linked securities, could be effective.
Read the full report
|
T. Rowe Price, Insights on Macroeconomics, September 2019-Nikolaj Schmidt, Chief International Economist
02.10.2019
|
|
|
|
|
|
|
