00:00:00
There's never been a case where
00:00:02
breaching the independence of the bank
00:00:04
over the long run, the central bank,
00:00:05
ours, or anywhere in the world, has
00:00:07
turned out well. It just doesn't happen.
00:00:09
When political interference gets into
00:00:11
the business of the central bank, who
00:00:13
has to do things that people don't like
00:00:15
from time to time, like raise rates, it
00:00:17
puts us in a dangerous position. That
00:00:19
said, every central bank has to earn the
00:00:21
right to be independent. It's not
00:00:23
something that we just take for granted,
00:00:25
and we earn that right by doing our job
00:00:27
all the time.
