Observers say Hungarian Prime Minister Victor Orban is using the central bank as a political tool. he's expected to install a confederate as the bank's new head.
After several decades in which the independence of central banks was seen as essential to economic stability, the notion is being questioned again. So are central banks free spirits? And do they truly need to be?
Turkey's central bank has pledged to take action after the annual inflation rate hit the highest level since 2003. The weak lira has seen consumer prices increase rapidly lately, and the worst may not be over yet.
When Hungary and Poland upped their gold reserves recently, some asked what it might indicate about confidence — or lack thereof — in the global economy. But with gold prices low, was it just a simple market calculation?
Investors are losing faith in former economic reformer Tayyip Erdogan. It's not ruled out that the current crisis may end badly for him, but also for economies in Europe, says DW business editor Henrik Böhme.
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