They also regularly offer detailed accounts of developments in the economy and provide projections for inflation and economic activity. Reasons for transparency Why is increased transparency viewed as such an important issue?
The primary task of central banks is to get monetary policy right - that is, to pursue policies that effectively promote the objectives established by their legislatures or parliaments, such as stable prices, full employment, and maximum sustainable growth. Communicating what the central bank is doing, and why it is doing it, is of secondary importance to getting it right.