Should the central bank operate independently? This question has sparked ongoing debate in the financial markets. When political pressure increases, central banks face a dilemma between maintaining policy neutrality and responding to political demands. Why is this so critical for economic stability?

The answer is quite straightforward—central bank independence determines the stability of interest rates, exchange rates, and the entire financial system. Once the central bank becomes a political tool, short-term stimulus may create a false sense of prosperity, but long-term issues such as inflationary pressures, exchange rate volatility, and asset bubbles follow. For the crypto market, these macro policy shifts often become the core driving force behind the price swings of mainstream coins like BTC and Ethereum.

Weakening central bank independence means the market faces greater uncertainty. This is exactly what investors and traders need to pay close attention to.