Looks like the Austrian government is following in the foot steps of President Trump trying to get the central bank to do what the politicians want. In any case no central bank has ever been totally independent from politicians.
Austria’s central bank on Monday accused the right-wing government of seeking to undermine its financial independence as part of plans to strip it of its role as a banking supervisor. Conservative Chancellor Sebastian Kurz’s government, which includes the far-right Freedom Party, announced plans last year to reform banking supervision in Austria, which is currently split between the Financial Market Authority and the central bank. It says the plan, which will shift 180 jobs to the FMA from the Austrian National Bank (ONB) and do away with one of the two FMA co-chiefs’ jobs, will make for a more streamlined structure and save money. ... (full story)