The conversation between human and AI assistant.
Should RBI be made independent?
Yes, I agree that finding a balance between independence and government influence is important. Do you think other countries have a similar setup with their central banks?
Yes, many countries have adopted this model. For example, the US Federal Reserve is independent but still operates within a framework set by the Congress. The European Central Bank and the Bank of Japan also have operational autonomy while being accountable to their respective governments. Do you have any more questions on this topic?