Special report | Central banks
The danger of excessive distraction
Central banks are under attack for failing to stop inflation. That partly reflects being given too many other jobs to do, argues Rachana Shanbhogue
CENTRAL BANKS are the guardians of money, the lifeblood of capitalism. Their actions influence people’s wages and savings, whether they can borrow and at what price, and steer the broader direction of the economy. Whether you are a worker or a pensioner, a saver or a borrower, their decisions affect you.
This article appeared in the Special report section of the print edition under the headline “Distraction disease”
From the April 23rd 2022 edition
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