You are here: Home » Reuters » News
Business Standard

ECB's Draghi warns central banks' independence under threat

Reuters  |  NUSA DUA, Indonesia 

NUSA DUA, (Reuters) - The independence of central bankers around the world is being threatened by governments demanding monetary support ranging from debt cancellation to bond purchases and lower rates, said on Saturday.

Italy's two ruling parties had considered asking the ECB to forgive 250 billion euros ($296 billion) of Italian debt it owns during their coalition talks in May before ditching the idea in the final version of their government accord.

"They're asking to change rates, (debt) cancellation, they're asking them to do other things, buy bonds," told a press conference at the International Monetary Fund's annual meetings in the Indonesian resort island of

did not mention but cited Turkey, where but cited Turkey, where sharply criticised the and repeated his opposition to high interest rates, shortly before the was due to announce a policy decision.

"Just look at what Erdogan asked the to do about a month ago. It's just a general sense that this is one of the risks in the geopolitical sphere," Draghi said.

(Reporting By Francesco Canepa; Additional reporting by in Frankfurt; Editing by Shri Navaratnam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, October 13 2018. 15:19 IST