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central banks independent from govt
A '''central bank''' is a country's principal monetary authority, responsible for such key functions as issuing [[currency]] and regulating the supply of credit in the [[economy]].
A '''central bank''' is a country's principal monetary authority, responsible for such key functions as issuing [[currency]] and regulating the supply of credit in the [[economy]].
In most western democracies the central bank is independent from the government. This is designed to prevent political interference in monetary policy. Generally a government specifies with legislation the general aims of the central bank (usually maintaining a low level of inflation) but the day to day operations of it are immune from political pressure (in principle if not always in practice)
==Sources==
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