There has been an open debate between the Bank and the Ministry of Finance and Economic Development (MOFED) on several economic issues this year.
Although I appreciate these vivid discussions, I fear that there is a discernible tendency in the press and among other economic commentators to blow some issues out of proportion, to fan dissension, and to spread misunderstanding, raising misguided questions about the independence of the Central Bank and the effrontery of an “unelected” Governor not heeding the wishes of elected officials.