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. FR Y6 0 MB Number 71000297 Approval expires November 30, 2022-Page 1 of 2Board of Governors of the Federal Reserve System _. ’t cc;;i:. .\':, I. C\'I\'.(.,i3_: AnnualReport of Holding Companies
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Understand the roles and responsibilities of a central bank in maintaining monetary policy independence.
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Who needs central bank independence and?

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Governments seeking to maintain low inflation and a stable economy
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Citizens who rely on a sound banking system and financial stability
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Central bank independence refers to the autonomy of a country's central bank in making decisions regarding monetary policy without interference from the government.
Central banks are required to report their independence status to relevant regulatory authorities.
Central banks must provide detailed information on their governance structure, decision-making processes, and any government influence on monetary policy.
The purpose of central bank independence is to ensure price stability and economic stability through uninfluenced monetary policy decisions.
Information on the central bank's governance structure, decision-making processes, and potential government influence on monetary policy.
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