The alleged advantage of using an interest rate rule to prescribe monetary policy decisions is that it makes monetary policy more predictable and prohibits policymakers from reneging on their policy commitments.
They have also done a great deal of work to reform policies and compliance over the past several years. Of course, these matters remain before the Courts. A key learning point for the Reserve Bank from these events is the extent of possible risks that can come from operating commercial ventures which export to a range of foreign jurisdictions.