Unlike Ravan, however, some of our own local demons are yet to get what they deserve and to be brought to justice. BIS central bankers’ speeches  1  The Central Bank is the silent servant of the people of this country, doing what it takes, putting creative, new measures in place, to move our country onto a better financial path.
It is widely understood that governments can finance expenditures through taxation, debt – that is, future taxes – or printing money. In this sense, monetary policy and fiscal policy are intertwined through the government budget constraint. For good reasons, though, societies have converged toward arrangements that provide a fair degree of separation between the functions of central banks and those of their fiscal authorities.