An independent central bank needs to maintain _____ transparency in its conduct of monetary policy.

Question

Quizplus · Accepted Answer

An independent central bank needs to maintain transparency in its conduct of monetary policy to increase public trust and ensure accountability. This means that the central bank needs to be open and clear about its decisions, actions, and reasoning behind them. This transparency helps to avoid misunderstandings and maintain credibility.

An Independent Central Bank Needs to Maintain _____ Transparency in Its