With uncertainties growing more and more, markets are reacting sensitively to changes in economic conditions. We will accordingly need to provide more detailed explanations about the background to our monetary policy decision-making and also about changes in major risks.
As inflation has remained far below its target level, we will need to examine on a regular basis how the inflation target is managed and explain in detail to enhance economic agents’ understanding of inflation conditions. We will have to make ourselves fully prepared to cope with changes in the monetary policy environment over a longer-term horizon.