Poverty levels will rise again, and the welfare of, quite literally, hundreds of millions of people will deteriorate. Many will return to the absolute poverty that, a year ago, was a rapidly fading memory. That will not be a permanent deterioration. But the next couple of years promise to be harsh.
That being said, in each occasion, a central bank has to carefully assess the relevance, clarity and timeliness of the information as ill-designed communication has the power to harm the economy. Transparency is a key ingredient of an effective monetary policy, but not an end in itself.