independent central banking

Independent central banking means that the central bank operates separately from political influence when making decisions about the country's money, interest rates, and inflation control. This independence helps ensure that economic policies are based on sound financial principles rather than short-term political pressures. By focusing on long-term economic stability—such as controlling inflation and supporting growth—the central bank can make more effective, consistent decisions. This independence aims to foster trust in the economy, reduce inflationary risks, and create a stable environment for businesses and consumers.