6 Information gathering is an important part of managing market expectations--for the simple reason that you do not know if you are going to surprise the market unless you have a good estimate of what the market is expecting.
A lower inflation target could also further reduce the costly distortions associated with inflation, such as those stemming from difficulties in distinguishing between absolute and relative price changes, the cost of infrequent price and wage adjustments, and the disincentives to hold money.