Central banks: Political economy pressures build – Rabobank

FXStreet Insights Team FXStreet

Rabobank’s RaboResearch Global Economics & Markets discusses rising political scrutiny of central banks. The report argues central banks are a key pillar of the political economy facing potential role changes.

ECB, Fed and BOE face rising scrutiny

"In Europe, PM Meloni is reported to be imploring EC President von der Leyen to let countries overspend to battle the current energy crunch, which the ECB will likely watch closely for its inflation impact, if so."

"Former Fed Chair and current FOMC voter Powell was cleared of criminal misconduct over $2.5bn renovations of the Fed building, but the report found “deficiencies” in his project leadership: is that OK for such a key role and large budget?"

"Former UK PM Truss gave an interview again claiming she was forced out of office by a liberal deep state that includes the Bank of England, which she’d threatened to reform."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

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