Independence is critical for the success of any modern central bank. But, as pointed out by David Marsh, OMFIF chairman, this independence is threatened as banks become increasingly subservient to governments. These threats are not the only issues facing central banks. Monetary policy-makers are tackling issues caused by the Covid-19 pandemic as they try to keep economies afloat. Marsh focused his analysis on the European Central Bank, an organisation I can lend some insight into due to leading a central bank closely linked to the euro area. Politicians allowed central banks to become independent and they can take ... (full story)