Urjit Patel, Governor of the Reserve bank of India (RBI), left, speaks to Michael Patra, executive director, during a news conference in Mumbai, India. (Photographer: Karen Dias/Bloomberg)

All Around the World, Central Bank Independence Is Under Threat

(Bloomberg) -- South Africa’s top monetary policy maker spoke for his peers around the world last week when he declared that threats to central-bank independence from politicians are no longer just...