Transparency analysis in the function of central bank objective

During the late 1980s and early 1990s there was an interest in the academics literature in the role of transparency in monetary policy-making, which partly reflects the increased attention central banks devoted to communication issues in monetary policy practice. Most commonly, transparency implies the absence of asymmetrical information between financial markets and monetary policy makers. With respect to central bank, transparency requirement applies in the first instance to minimizing uncertainty associated with its monetary policy. An increase in transparency has been greatly influenced by the practice of publishing the inflation report, which is especially common in countries that accepted inflation targeting as their monetary strategy.