The voting pattern in the MPC inevitably weighs on the overall credibility of the monetary policy decision-making process.
The time is ripe for a review of legislation to give  BIS central bankers’ speeches  3  the Bank operational independence in the formulation and implementation of monetary policy as is the case not just in most developing economies, but also in a number of major central banks, including the US Federal Reserve, the European Central Bank, the South African Reserve Bank and even the Bank of Japan.