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    Constitution of Central Banks around the world

    Synopsis

    Interestingly, governors of all these banks do not have a veto power, but not a majority of them are appointed by the government too.

    ET Bureau
    With the RBI governor set to lose veto on interest rates, according to a revised draft of Indian Financial Code, ET’s Shilpy Sinha takes a look at what constitutes the boards of central banks in the US, the UK and Japan. Interestingly, governors of all these banks do not have a veto power, but not a majority of them are appointed by the government too.

    Image article boday


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