Regarding central bank independence

Question

Quizplus · Accepted Answer

According to the World Economic Forum's Global Competitiveness Report 2019, the European Central Bank is ranked as the most independent central bank in the world, followed closely by the Bank of Japan. The Federal Reserve is ranked third in terms of independence.

Note: Choice C is incorrect as the trend in industrialized nations has, in fact, been to increase central bank independence. Choice D is incorrect as the Swedish Riksbank is actually the oldest central bank in the world, having been established in 1668, while the Bank of England was established in 1694.

Regarding Central Bank Independence