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Insight

Puncturing myth of central bank independence 

By TAN SRI ANDREW SHENG

CENTRAL bankers are the high priests of high finance.

That’s because they control high-powered money, commonly known as the monetary base, or the sum of currency in circulation plus commercial bank deposits with them.

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CentralBanking , MonetaryPolicy , InterestRates , FedWatch , InflationRisk , TrumpVsFed , MarketLiquidity , PolicyIndependence

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