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New BIS head stresses importance of central bank independence and accountability

LONDON :The new head of the Bank for International Settlements has used his first prominent speech to stress the need for central banks to focus on inflation and for their independence from politicians to be protected.Uncertainty around the world's most important monetary authority, the Federal Reserve, has r

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US President Donald Trump's actions and statements have raised concerns about the independence of the US central bank

Pablo Hernández de Cos did not directly address Trump’s actions, but exposed what he described as the “foundations” of the credibility of a central bank

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The new director general of the Bank for International Settlements (BIS) and former governor of the Banco de España, Pablo Hernández de Cos, has taken advantage of his first public speech since he was head of the body based in Basel, Switzerland, to extol the value of independence for those in charge of the world’s central banks.

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Bloomberg broke the news in United States on Tuesday, August 26, 2025.
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