Appointment and Tenure of Officials: To preserve their independence, Central Bank officials, particularly the central bank How Central Banks chairman, are usually appointed for fixed terms that span across different political administrations. By having a fixed tenure, Central Bank officials can make decisions without fear of immediate dismissal due to […]
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Therefore, While lower interest rates can be beneficial for borrowers, they present challenges for savers and investors. Individuals who rely on interest income from their savings accounts, fixed deposits, or government bonds may experience a decline in their earnings. With lower interest rates, the returns on these low-risk investment options […]
Innovation promote a positive work culture, and foster strong relationships with their team. Transformational leadership is particularly effective during periods of organizational change, when motivating and aligning employees towards a shared vision is crucial. However, it may not be the most appropriate style in situations that require immediate and short-term […]