Money & WorkFact
Why no chancellor or president may give the ECB orders.
Just before elections, governments have an incentive to heat up the economy with cheap money and pay the inflation bill later. That's why modern central banks are independent by law; the Bundesbank was the model for the ECB. Studies show countries with independent central banks have markedly lower inflation on average.
Useful: When politicians publicly pressure the central bank, markets get nervous, for good reason.
Source: de.wikipedia.org