They were the 'grey men in grey suits' who, from time to time, would raise or cut interest rates and not much more was heard from them.
And no-one truly believed they were independent, with politicians calling on favours ahead of elections.
But then the financial crisis came along, and it was the central bankers that the politicians turned to. The technocrats became the new power brokers.
David Marsh, the director of the Official Monetary and Financial Institutions Forum, joins Counting the Cost to look at the new power and cult of central banking.
Source: Al Jazeera