ECB’s Makhlouf: Central Bank Independence Is an Anchor, Not a Shield
By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf on Wednesday defended central bank independence as essential to credible monetary policy, arguing that insulating rate decisions from short-term politics helps keep inflation expectations anchored and macroeconomic volatility contained.
18 February 2026 Central Bank News