2  For a survey on Central Bank legislation, see Central Bank Governance Group, “Issues in the Governance of Central Banks”, BIS, May 2009 3  Carare, Alina and Mark Stone, “Inflation Targeting Regimes”, International Monetary Fund Working Paper WP/03/9, January 2003. 2  to pay close attention to the financial activities of the Government to avoid the possibility of overheating of the economy.
This is further complicated by the fact that international energy prices are unpredictable, and the economy has been subject to the boom-bust cycles over the last half century associated with external price movements.