Argentina is in the centre of central banking interest, again. Country’s central bank chief, Martin Redrado has been dismissed from its position for refusing repaying country’s international debt.
In the history of Argentinian central bank, the “misconduct of central bank” was a common justification to let a governor go. It’s no difference in this story. This episode could be one of many similar in the past, if the President’s desire wouldn’t be expressed the way it was. It looks like there is a chance to keep the actual autonomy of central bank at current level thanks to the group of people opposing this dismissal and to an Argentine judge’s decision to keep Redrado on the post.
Redrado himself refuses to quit.
We’ll wait if the story for Argentina repeats again.