Whether it is possible to enhance monetary easing effects even after short-term interest rates reach the zero bound is a major issue that continues to attract debate.
On the publication of an official inflation forecast, that forecast might assume, in the eyes of the general public, an importance which it does not merit under the strategy adopted. To this extent, such a forecast could actually be misleading. In any case, it is legitimate to ask whether it is prudent for a policy-maker to publish a precise forecast.