Central bank accountability means:

Question

Quizplus · Accepted Answer

Central bank accountability refers to the obligation of central banks to report to elected officials, such as politicians or parliament, about their implementation of monetary policy and achievement of established goals. This enhances transparency and checks and balances. Option B is incorrect as it implies central bankers being unaccountable, which is not a desirable state of affairs in democratic societies. Option C is incorrect as central bankers' primary task is to serve the general public interest and foster macroeconomic stability, not to cater to individual banks' interests. Option D is incorrect as press conferences are only one means of communication, and accountability demands more than just public relations.

Central Bank Accountability Means