Accountability and transparency of the Board's decision-making would also be enhanced with more frequent and more timely reporting. Finally, and very importantly, surveillance and analysis must be, and seen to be, independent of political influence. Conclusion I'd like to conclude by underscoring a key point.
The progress made by central banks in furthering the economic well-being of their citizens has largely been the result of determining the most appropriate objective - low and stable inflation - and determining how best to achieve it in a transparent and accountable fashion. For many central banks, this has meant inflation targeting.