Central bank independence usually safeguarded by law
But one in 10 respondents see their autonomy threatened
A majority of central banks believe that their governing laws sufficiently protect their independence, the Governance Benchmarks 2024 reveals.
Nearly nine-tenths (87%) of 46 respondents expressed this confidence in their answers. By contrast, a minority (13%) say their laws do not sufficiently protect their independence.
Additionally, some 15.6% of 45 central banks fear certain factors could weaken their independence in future.
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