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Asian central bankers on the ropes

India's RBI is not alone as governments fight to curb hard-won bank independence

| India
India is not alone in experiencing government pressure on the central bank   © Reuters

Recent months have seen a flurry of attacks on the central bank technocrats who prefer to steer monetary policy from the shadows. Donald Trump says the Federal Reserve has "gone crazy." The Bank of England has been savaged for warning about Brexit risks. Leaders from Turkey to South Africa are browbeating officials to slash rates.

But the biggest meddling efforts may be in Asia.

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