The fabric and foundation of  banking is trust and trustworthy bankers. This is important as good governance is a key pillar for the promotion and maintenance of a safe and sound financial system; one that is run by fit and proper and competent leadership, management and staff.
It is well accepted nowadays that inflation is ultimately a monetary phenomenon and that there is no long-run trade-off between output and inflation. Thus, central bank independence became something of a “great mantra” in the twentieth century.