Central banks at risk of losing independence: SNB’s Jordan


Thomas Jordan, the vice-chairman of the Governing Board at the Swiss National Bank, on Tuesday warned that by contributing to quasi-fiscal policy, central banks risked losing their ability to conduct monetary policy independent of government.

At the 21st Internationales Europa Forum in Luzern, Switzerland, Jordan said: "Monetary policy-makers are not responsible for fiscal policy, yet they still have to take an active interest in government finances. The current financial and debt crisis reminds

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