An intervention by politicians into the independence of central banks would "ring alarm bells", according to investment managers, after the institutions have been forced to fend off criticism from UK Prime Minister Theresa May and US President-Elect Donald Trump.
In November, Bank of England governor Mark Carney (pictured) spoke out after criticism from May there would be "bad side effects" from Bank of England policies such as quantitative easing, in particular the negative impact on savers. Speaking at a Treasury Select Committee meeting, Carney said politicians were involved in a "massive blame deflection game" by criticising monetary policy. Carney: BoE helped UK 'sail through' post-Brexit challenges Meanwhile, former Monetary Policy Committee member Martin Weale gave his support to economic forecasting after MP Michael Gove declared it...
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