A thorny ongoing issue on this front has been that of the rules for surplus transfer from the Reserve Bank to the government (Cogencis, 2018, “Govt pegs RBI excess capital at 3.6 trln rupees, seeks it as surplus”), an issue that relates closely to the leading Argentine example in my introductory remarks.
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.