Overall, increased transparency and  communication, regarding the policy framework, objectives and strategy, as well as decisions and progress in meeting the objectives of the Bank can contribute to desired market responses and policy effectiveness.
Expansion continued in the fourth quarter, although at a much slower pace. The upturn has been supported by a pick-up in external demand, particularly from the United States, and the normalization of public expenditures, factors which had contributed to the previous deceleration amid weaker global economic growth.