Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …

sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … forward rates (called inflation compensation) on a particular day is then used as a proxy for the market's inflation …