Finally, the difficulty of structuring talk about the future in the brief announcement released immediately after the meeting has enhanced the perceived value of the minutes for this purpose. Expedited release is an incremental step. The market will not have information it did not eventually have before, but it will have it sooner.
Thereafter, inflation is expected to gradually return towards the target. The key risks to this projection are associated with the future government’s fiscal policy, developments in the international environment and movements in food and administered prices.