Tuesday, July 6, 2010

Central Bank Independence

The Ukrainian government is considering to give the NBU more independence

http://www.bloomberg.com/news/2010-07-06/yanukovych-submits-law-to-strengthen-ukraine-s-central-bank-independence.html

the law proposal is making rather modest proposals though : "The governor, his deputies and the bank’s board must also suspend any party memberships" - suspending party membership does not make a person suddenly 'independent' - It makes more sense to require that the bank management has no party affiliation whatsoever.

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