The Government has made it clear that that is what I have to deliver, and under the Reserve Bank Act the 1  BIS Review 25/2000  Government has the right to change that target, unilaterally if they wish to do so, provided that any change is made public.
So any decisions which Don Brash makes are tightly constrained, are based on the best information which my colleagues can gather, and are made to achieve an objective which Parliament has laid down. In no sense am I an unconstrained bureaucrat.