Much of the recent debate has centered on the issue of how and to what extent central banks should communicate on their views and intentions regarding future interest rates. A few have started to publish their views on the future path of short term interest rates. Most central banks have, however, opted for qualitative statements regarding their future intentions.
To sum up, in the past couple of decades we have witnessed a trend towards independent central banks that are becoming increasingly specific and open regarding their objectives, analysis and intentions.