Investing.com investing.com 21 Dec, 2020 12:30 am

Central Banks Reacted Well To Pandemic In 2020, But Risk Playing Political Role

Central Banks Reacted Well To Pandemic In 2020, But Risk Playing Political Role
Market Overview Analysis by Investing.com (Darrell Delamaide/Investing.com) covering: . Read Investing.com (Darrell Delamaide/Investing.com)'s latest article on Investing.com

Central banks showed they had learned a thing or two from the 2008-09 financial crisis as they successfully navigated an unprecedented pandemic and lockdowns this year.Central banks have come perilously close to playing a political role.But once vaccinations are rolled out and economies come roaring back, it will take some sorting out to figure out not whether central banks have been compromised but to what extent this has occurred.Not only did central banks react vigorously, banks withstood the stress after being forced to build up capital.

Last week, the central banks largely lifted the bans under certain restrictions.But the institutional backbone could not disguise the weakness at the top of the most important central banks.

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