1. Central banks play an important role in modern economies by aiming to maintain price stability. Their independence allows them to make decisions free from political influence and pressures.
2. Central bank independence means being free from the influence of governments, politicians, and other private interests. This allows central banks to focus on their main goal of maintaining price stability.
3. The main role of central banks is seen as ensuring long-term price stability, especially since the 1990s. Their policies aim to announce and achieve inflation targets in order to support economic stability and growth.