We do this through our monetary policy statements and speeches, where we identify and discuss the balance of risks around our central forecasts in such a way that market participants and other stakeholders are in a reasonable position to form a view about our possible reaction to changing circumstances.
Year-on-year inflation was 1.2% in July, and according to our forecast, it will return within the target tolerance band in the first half of 2017 and remain within the band thereafter.