Some may call it independence, others may view it as autonomy; some may want to think of it as a misnomer, others may view it as something deeper in the end which affects a central bank’s operational independence.
Such problems also exist elsewhere, and often have similar causes: in some countries in transition the financial sectors are too weak; external debt is often rather short-term and denominated in foreign currency to an excessive extent. In some industrial countries there are at the moment tendencies towards exaggerated asset prices.