The battle of three centuries: The history of central banks

Posted: April 28, 2017 in economy
Tags: , ,

Print section
Print Rubric: 

Today’s criticisms of central banks echo debates from times past

Print Headline: 

Battle of three centuries

Print Fly Title: 

The history of central banks

UK Only Article: 
standard article

Issue: 

How to have a better death

Fly Title: 

The battle of three centuries

Main image: 

20170429_BBD001_0.jpg

TWENTY years ago next month, the British government gave the Bank of England the freedom to set interest rates. That decision was part of a trend that made central bankers the most powerful financial actors on the planet, not only setting rates but also buying trillions of dollars’ worth of assets, targeting exchange rates and managing the economic cycle.
Although central banks have great independence now, the tide could turn again. Central bankers across the world have been criticised for overstepping their brief, having opined about …

via Economic Crisis http://ift.tt/2pnxuun

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s