Third, in recognition of the fact that a central bank can only be as independent as the government of the day wants it to be, regular contact was maintained with the Minister of  BIS Review 58/2008  3  Finance; and the practice of briefings to be relevant Committee of Parliament was maintained. 3.
Conclusion  The challenge of communicating with the general public, financial analysts, the markets and other interested parties remains. However, at present, the message which needs to be communicated is that of monetary policy in the context of inflation targeting: exchange rate and reserve management issues have lost their centrality, important as they may remain.