The sudden resignation of Reserve Bank of India Governor Urjit Patel this week and the appointment of a bureaucrat seen to be loyal to Indian Prime Minister Narendra Modi has raised questions about the autonomy of the central bank. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why central bank chiefs will have to brace for an onslaught of populist political attacks

  • Nicholas Spiro says while the resignation of the Reserve Bank of India governor has shocked markets, the European Central Bank is likely to see the next intense clash between populism and monetary policy

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The sudden resignation of Reserve Bank of India Governor Urjit Patel this week and the appointment of a bureaucrat seen to be loyal to Indian Prime Minister Narendra Modi has raised questions about the autonomy of the central bank. Photo: Reuters
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