That model now looks very much like the standard flexible inflation-targeting framework that is practiced here in the UK and elsewhere, including both NZ and Canada. Inflation targeting and central bank independence are sometimes conflated given their similar birth dates in a number of countries.
In this context it would be well worth taking up the suggestion of the Committee of Wise Men to prepare a report on the benefits of financial market integration. Such a report could be instrumental in increasing public awareness of the importance of further progress in this area.