[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:central-bank-independence":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fcentral-bank-independence.md","Central Bank Independence",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-central-bank-independence","Understanding Central Bank Independence",[16,17,18],"p",{},"Independent central banks can resist the temptation to cut rates or print money before elections, which helps keep inflation expectations low and stable.",[16,20,21],{},"Since the 1990s most advanced economies have given their central banks operational independence, alongside clear goals and accountability.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","Insulating a central bank from short-term political pressure in setting monetary policy.","md",[],{},true,"\u002Fterms\u002Fcentral-bank-independence",[35,36,37],"monetary-policy","inflation-targeting","rational-expectations",{"title":6,"description":28},"terms\u002Fcentral-bank-independence",[41,42,43],"Independence protects monetary policy from short-term politics.","It supports credible low inflation.","It comes with clear mandates and accountability.","R0HKhojZgdxPyTOfeWmQC3VcrAvvsKo2M_2Lt1uqJfQ",[46,50,54],{"title":47,"description":48,"path":49},"Inflation Targeting","A monetary policy framework built around a publicly announced inflation target.","\u002Fterms\u002Finflation-targeting",{"title":51,"description":52,"path":53},"Monetary Policy","How a central bank manages interest rates and the money supply to steer the economy.","\u002Fterms\u002Fmonetary-policy",{"title":55,"description":56,"path":57},"Rational Expectations","The assumption that people use all available information to forecast the future without systematic errors.","\u002Fterms\u002Frational-expectations",1793374004739]