{"id":88975,"date":"2025-01-29T13:41:15","date_gmt":"2025-01-29T18:41:15","guid":{"rendered":"https:\/\/theturtleislandnews.com\/?p=88975"},"modified":"2025-02-05T10:53:08","modified_gmt":"2025-02-05T15:53:08","slug":"what-the-looming-federal-election-could-mean-for-the-bank-of-canadas-independence","status":"publish","type":"post","link":"https:\/\/theturtleislandnews.com\/index.php\/2025\/01\/29\/what-the-looming-federal-election-could-mean-for-the-bank-of-canadas-independence\/","title":{"rendered":"What the looming federal election could mean for the Bank of Canada\u2019s independence"},"content":{"rendered":"

By Andrew Allison The Conversation The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures. However, a clear division between central bank and government could be tested with Mark Carney, former governor of both the Bank of Canada and the Bank of England who\u2019s running for leadership of the Liberal Party and, in turn, the role of prime minister. His bid raises concerns about how central bank independence might be perceived under a Carney-led government. Could his tenure as a central banker result in the Bank of Canada\u2019s independence being clawed back? After all, he has demonstrated his ability to manage… <\/p>\n

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By Andrew Allison The Conversation The independence of central banks from the democratic process has been a bedrock of economic policy for decades. The Bank of Canada is no exception, maintaining distance from elected officials to ensure monetary policy is free from political pressures. However, a clear division between central bank and government could be tested with Mark Carney, former governor of both the Bank of Canada and the Bank of England who\u2019s running for leadership of the Liberal Party and, in turn, the role of prime minister. His bid raises concerns about how central bank independence might be perceived under a Carney-led government. Could his tenure as a central banker result in the Bank of Canada\u2019s independence being clawed back? After all, he has demonstrated his ability to manage... <\/p>\n

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Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":101363,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-88975","post","type-post","status-publish","format-standard","hentry","category-national-news","category-ticker","pmpro-level-required","pmpro-level-3","pmpro-level-2","pmpro-level-5","pmpro-level-4","pmpro-level-6","pmpro-level-7","pmpro-no-access"],"yoast_head":"\nWhat the looming federal election could mean for the Bank of Canada\u2019s independence - The Turtle Island News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theturtleislandnews.com\/index.php\/2025\/01\/29\/what-the-looming-federal-election-could-mean-for-the-bank-of-canadas-independence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the looming federal election could mean for the Bank of Canada\u2019s independence - The Turtle Island News\" \/>\n<meta property=\"og:description\" content=\"By Andrew Allison The Conversation The independence of central banks from the democratic process has been a bedrock of economic policy for decades. 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