Central banks to maintain independence despite threats – panel

Top central bankers discuss Trump, AI and why they plan to ignore IMF on rate cuts

China-US trade tariffs

A panel of governors and deputy governors has said they expect their institutions to remain operationally independent over the next five years. This is despite likely frictions caused by ballooning levels of fiscal debt, potentially higher tariffs, reshoring, geopolitical tensions, growing climate risks and demographic change – areas largely outside the field of monetary policy.

The top-level officials, speaking on November 13 at the Central Banking Autumn Meetings 2024 in Mexico City, said

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