Of the major central banks of the world, the most independent is ________.

Question

Quizplus · Accepted Answer

The European Central Bank (ECB) is considered the most independent central bank among major central banks, as it has a single mandate of maintaining price stability in the euro area and is not subject to political influence from any of the eurozone member states. The Federal Reserve System (A), the Bank of Canada (C), and the Bank of England (D) have mandates that include both price stability and other objectives such as full employment, which can make their policymaking more sensitive to political pressure.

Of the Major Central Banks of the World, the Most