Knight on central banking: some secrets of success

In the speech 'Central banking: some 'secrets of success'' given on 1 December Malcolm Knight of the BIS said the media, markets and politicians place powerful demands on a modern central bank.

"This is particularly true in a small country where the central bank is one of the most professional and highly reputed institutions," Knight said.

"However, there are some demands that can deflect the central bank from achieving its basic objectives. A young central bank in a small country needs to think

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