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

What now for central banks?


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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