No one should doubt the essential nature of central bank independence. Decisions over the course of monetary policy; the timing of changes in interest rates or money supply cannot be left to politicians. An independent central bank would be politically colour blind and act as a restraining hand against rampant public sector borrowing and spending. Internal econometric models show that the inflation rate in Eurozone is expected to be 1.70% by the end of Q3 2018. Central bank independence fosters price stability and the driver for better growth comes from sensible flexible markets and business friendly fiscal policies.

Source: Forbes September 09, 2018 14:26 UTC