Such public views may be reflected in inflation expectations, which are generally rising but still well below 2 percent. Nevertheless, survey results have also indicated some encouraging signs of improvement, and the current progress in actual price and economic performance may further improve the public’s recognition of and confidence in the target achievability.
At the same time, gaining the public’s understanding of the Bank’s policy intention may strengthen the process. 14  10  The tax effects are irrelevant for the Consensus Forecasts data for six to ten years ahead.