This can put intense pressure on the policy authorities and economies of these countries - pressure which few countries can withstand easily. BIS Review 99/1998  -4-  For these reasons, the picture looks different from the perspective of the emerging market economies.
There are numerous other accountability measures: for example, the Board can recommend that the Minister of Finance remove the Governor due to inadequate performance; the Bank must have regard to any policy direction issued by the Minister in relation to government policies; the Bank places considerable weight on communications; and, as part of these, publishes full economic projections, and since 1997, indicates an endogenous interest rate path.