ECB President: Independence is the Prerequisite for Central Banks to Perform Effectively

Golden Finance reported that European Central Bank (ECB) President Christine Lagarde stated in an interview with U.S. media on the 24th local time that the independence of central banks is of "decisive significance" and warned that any interference with this independence could have serious consequences. She made these remarks against the backdrop of U.S. President Trump's recent repeated pressure on the Federal Reserve. Lagarde pointed out, "If a central bank loses its independence, or if this independence is threatened, it will become dysfunctional," which could lead to "instability, or even more severe situations." She emphasized that independence is the prerequisite for central banks to perform effectively.