Recent research indicates that inflation performance (low inflation)has been found to be best in countries with

Question

Quizplus · Accepted Answer

Independent central banks are less susceptible to political pressure and can prioritize minimizing inflation over short-term political goals. By having more control over monetary policy, they can use tools such as adjusting interest rates and tightening or easing credit to achieve stable prices and low inflation. This has been seen in countries such as New Zealand, which has a highly independent central bank and has consistently maintained low inflation rates.

Recent Research Indicates That Inflation Performance (Low Inflation)has Been Found