Central bank autonomy and government policy

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The story "Central bank autonomy and government policy" was covered 3 hours ago by The Star, a news publisher based in Malaysia.

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The Star 3h ago

Central bank autonomy and government policy - The Star

Quick Summary:

IN countries like South Korea that adopt the presidential system of government, the president can wield much stronger power than the prime minister under the parliamentary system because the president usually rules for a fixed period.

There are numerous factors that the monetary policy board considers when reviewing the country’s interest-rate policy and assessing the South Korean economy’s conditions.

It is valuable for ensuring that monetary policy is conducted in a way that is consistent with appropriate central bank objectives and free of political influences.