Now a word about transparency in monetary policy. I've spoken about the tools we use to achieve the inflation target. With regard to our actions, we make our policy rate decisions eight times a year on a fixed schedule, issue a press release each time, and, four times a year, explain our analysis and projections in detail in our Monetary Policy Reports.
The outcome of monetary policy – total CPI inflation – is measurable, and our performance is transparent. I should add a word about "core" inflation.