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Page last updated at 08:30 GMT, Saturday, 27 August 2011 09:30 UK

What now for central banks?

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The latest phase of the economic crisis has put the established system, of an independent central bank setting monetary policy and politicians setting fiscal policy, under enormous strain.

Sushil Wadhwani, a former member of the Bank of England's monetary policy committee, and Conservative MP John Redwood, debate if the separation needs to end.


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