Jens Weidmann , whose institution 's own fierce independence from political influence was the model for the European Central Bank when it was founded , said Stephen King , the chief economist at HSBC , was `` perhaps right '' in forecasting an end to the era of central bank independence . Germany 's Bundesbank v . risk of damage to global central bank independence . Jens Jensen says loss of autonomy could cause countries to devalue themselves . Weidman : ' Already possible to observe alarming trends in Hungary , Japan '
Germany 's Bundesbank v . risk of damage to global central bank independence . Jens Jensen says loss of autonomy could cause countries to devalue themselves . Weidman : ' Already possible to observe alarming trends in Hungary , Japan '