Market expectations thus have the potential to become extremely unstable in the future as the end to the unprecedented monetary easing approaches. To prevent the emergence of this kind of instability, the Bank will endeavor to offer a lucid explanation of its assessment of economic activity and prices as well as the thinking behind its conduct of monetary policy.
Furthermore, the Bank will continue to enhance its communication with market participants so that they will be better able to judge and predict the future conduct of monetary policy. The content of this communication will depend on future developments in the economic and financial situation.