Parliament backed the Central Bank’s monetary independence as a principle. That is a different question from what the banks think of the man in the governor’s seat. On the same week the parliament speaker walked into the governor’s office, the central bank issued the ninety-page supervisory framework that binds fifteen Islamic bank licences to the International Financial Services Board standard on capital adequacy. The institutional track keeps running under the operator who has refused for a year to touch the rate. The plumbing continues to tighten. :Reset Intelligence
