For example, the  4  BIS central bankers’ speeches  current inflation forecast may have produced a much stronger reaction had the economy been performing much better than it currently is. In other words, in a simple Taylor rule world, the smaller the negative output gap, the stronger the interest rate response for any given deviation of inflation from the target.
The first area is to make timely, reliable statistical data available to the market and the public, as well as information about economic and financial policies, practices and decision-making.