Transparency is a key feature of the inflation targeting strategy. Transparency implies communicating to the general public the monetary policy objectives and decisions (including the rationale behind such decisions), as well as the inflation outlook and the associated risks. Transparent communication facilitates public assessment of monetary policy performance, thus contributing to enhanced central bank accountability.

The Inflation Report is the NBR's main communication tool amid the current monetary policy strategy. Published on a quarterly basis (starting August 2005), the Inflation Report consists of four main sections:

1. Inflation developments;
2. Economic developments;
3. Monetary policy and financial developments;
4. Inflation outlook, uncertainties and risks, implications on monetary stance.